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Home Prime News

130 industrial villages to be set up next fiscal year

CEO TAB by CEO TAB
June 15, 2020
in Prime News
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June 15 : The government is to set up industrial villages at the local levels for promoting employment and reducing the adverse impacts of the coronavirus pandemic on the country’s trade and business sector.

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The government has brought this programme with the objective of utilising the labour, skill and capacity existing at local levels, developing the industrial capacity and creating employment opportunities for those Nepali citizens who have returned home from abroad due to pandemic .

The Ministry of Industry, Commerce and Supplies has also managed budget with the goal of establishing a total 130 industrial villages in the upcoming fiscal year. Forty five industrial villages that were declared in the current fiscal year are in the phase of coming into operation, although some obstacles were encountered in this at some local levels due to the risk of coronavirus.

Minister for Industry, Commerce and Supplies, Lekhraj Bhatta, divulged that Rs 9.2 million has been allocated to every local level for setting up the industrial village. Accordingly, a total Rs 1 billion 196 million budget would be provided for this purpose. The programme of setting up industrial village has been taken as an important scheme brought by the government for the industrial development and promotion at the local level. It would also contribute to revitalising the local economy. Similarly, the micro enterprise development programme is to be implemented by all local levels in 77 districts.

The aim is to produce 63 thousand micro entrepreneurs from this programme. Likewise, 33 thousand micro entrepreneurs would be upgraded and 1,506 technologies would be handed over to them as part of this programme.RSS

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