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Start-ups express dissatisfaction with the lack of promised assistance.

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Start-ups express dissatisfaction with the lack of promised assistance.

Binita Pokhrel, a start-up wine producer, was taken aback when she learned of the latest government rule mandating wineries to apply excise duty stickers with a QR code to the bottles they sell.

When the former KP Sharma Oli administration published its budget statement for the current fiscal year, they included the new regulation as part of their proposal.

“Everything is done in accordance with a plan.” Although our plan is often thrown into disarray as a result of new laws introduced by the government, which impose an immediate burden on us,” she explained.

In addition, the Oli administration established a programme to grant seed capital of Rs2.5 million at a rate of one percent interest in order to foster new businesses. However, the idea appears to have been forgotten once the new Sher Bahadur Deuba-led coalition government presented a revised budget last week, which included provisions brought in by the Oli administration through the ordinance method, according to reports.

“During this pandemic, there was no assistance from the government. “There isn’t a single piece of help for start-ups,” said Pokhrel, the founder of Pure Joy, which makes wine from various fruits.

Furthermore, the frequent changes in administration make things more difficult for start-ups and other firms who are wanting to expand.

“The frequent changes in government have a negative impact on economic growth. “It has an impac

Read the full story at earnmoney.com.np


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