Small industries using local raw materials backbone of economy: Finance Minister


, January 13

The has assured to protect and promote small industries that utilise local raw materials for of the country.

Speaking at a programme titled ‘Blended and Gender Lens Investing: Development Tools to Achieve the SDGs’, here today, Yubaraj Khatiwada emphasised that such small industries which utilise local raw materials are the backbone of the country’s .

Khatiwada further said that inclusive investment in the small- and medium-sized enterprises (SMEs) is necessary for the development and prosperity of the country. “The provincial and local governments should promote such industries by providing them technical assistance, which would reduce their production costs.”

Stressing the need to create conducive environment to facilitate the development of SMEs, he said that especially the small industries which utilise agricultural products could go a long way in solving the problems of unemployment in the country.

Khatiwada further said that banks and financial institutions (BFIs) need to increase their investment in SMEs. “As the government has already created a positive environment for

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