PM Oli urges youths to establish many industries with small capital

Kathmandu: Prime Minister KP Sharma Oli has said many industries, which require small capital but increase production, need to be established and expanded.

Addressing the Start-Up Nation 2030 program on Wednesday, PM Oli said innovative and creative thinking youths and women could find employment and income in their homeland, without going abroad for work.

The Prime Minister emphasized youth entrepreneurship to import from domestic production, reduce poverty, increase national confidence, and achieve Sustainable Development Goals (SDGs). He urged banks to lend loans to enterprises based on their projects rather than assets.

Likewise, PM Oli clarified that the government would continuously support the advancement of the cooperative, despite the attempts by some scammers to defame the cooperative.

Likewsie, Deputy Prime Minister and Minister of Finance Bishnu Prasad Paudel, Minister for Industry, Commerce and Supplies Damodar Bhandari, Minister for Labour, Employment and Social Security Sharat Singh Bhandari and FNCCI’s President Chandra Prasad Dhakal among others are presented in the meeting.

The Conference is a part of the campaign to make Nepal a startup-friendly nation in South-Asia by 2030, paving a way for the establishment of 10,000 startups and 100,000 jobs by the end of this period.