Small Enterprises
Wanna know about the small enterprises in Nepal? Enterprise is the ability to turn a thought into a successful business. A company is different, as it combines the other three factors: land, employment, and capital. Enterprise is a different word for a profit enterprise or enterprise, but it is most often linked with business enterprises. There are many small enterprises in Nepal both inside Kathmandu Valley- The capital city of Nepal and outside Kathmandu Valley. What is the role of Enterprises in Economic Development? In the economic development of a country, SMEs (Small and Medium-sized enterprises) play an important role. Their role is very critical in terms of production, job creation, export contribution, and income. The contribution of small and medium-sized enterprises to generating jobs, eliminating poverty, and to advancing the private sector, in general, is extremely important. The 2010 study showed that SMEs employ about 57 percent of the entire workforce in Nepal. SMEs makeup over 96% of all industries and contribute 83% to the generation of industrial jobs. They also account for 80% of the contribution of the industry to the national gross domestic product (GDP). However, in addition to the nation's macro-challenges to political instability and insufficient...
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