Minister Rijal assures of resolving entrepreneurs' problems

Published On: May 5, 2023 06:45 PM NPT By: Republica  | @RepublicaNepal

CHITWAN, May 5: Minister for Industry, Commerce and Supplies, Ramesh Rijal has claimed that the government has highly prioritized resolving the entrepreneurs' problems.

Talking to journalists here today, Minister Rijal said that the government was working on salvaging the sick enterprises and industries. "The entrepreneurs and business persons should not fret. The current problems would be resolved," assured the Minister, sharing that the government was going to introduce various programs aimed at addressing the entrepreneurs' problems.

Stating that issues that are to be sorted out through the means of law will be dealt with accordingly, he reiterated that the government works in the interest of the entrepreneurs and was thoughtful about the industries going on the brink of shutdown and reaching out to the bank.

According to him, the financial liquidity bred the current economic issues and the liquidity crisis emanated from the COVID-19 pandemic and Russia-Ukraine conflict. 

He shared that discussions were being held with the governor of the Nepal Rastra Bank at present to address the liquidity crunch and the government was working towards reducing the interest rates of banks.

He said that the  government was also mulling over introducing a program to encourage entrepreneurs to set up industries and enterprises by providing them with the required land.


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