KATHMANDU, Feb 8: President Ram Chandra Paudel has pledged to take initiatives to resolve problems facing entrepreneurs and industrialists.

Receiving a memorandum submitted by Nepal National Entrepreneurs' Federation (NNEF) on Wednesday, President Paudel said he is aware of problems facing entrepreneurs and industrialists. "Industrialists have an important role to recover the national economy. Your demands are genuine. I take efforts from my side to address your concerns," he added.

NNEF Chairperson Kumar Karki urged the Head of the State that the interest rate should be lowered to one digit to restore the industries that faced huge setbacks due to COVID-19 crisis.

The NNEF also demanded reduction in customs quota, skills and capacity development of youths at local levels, and launch of a special scheme to attract youths to agriculture.

Also underscored in the memorandum were market availability to agricultural products, smooth transportation of consignment via Keyrong border point, scientific determination of rent, promotion of domestic investment and resources, and end of influence of select groups in policy making on the agenda of private sectors.

NNEF also put forth the demand before the President to form a high-level committee incorporating industrialists and entrepreneurs of all sectors by ending the syndicate of some limited organization in policy- formulation level on the issue of private sector.

Similarly, NNEF has demanded extending the auction period to at least six months against present 35 days if banks and financial institutions auction the real estate. Similarly, the NNEF has demanded that the investment of banks and financial institutions be at least 50 per cent in small and middle-scale enterprises. 

The office-bearers and members of the NNEF were present on the occasion.

 
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