Tuesday, September 1, 2020

Minister Gurung pledge to establish 'Social Entrepreneurship Fund'

Kathmandu, Aug 30

Minister for Women, Children and Senior Citizens Parbat Gurung on Sunday announced to establish 'Social Entrepreneurship Fund' to support the entrepreneurs in the sector.

He said that the fund would be established to support the social organisations in implementing social and humanitarian services thus ending their compulsion to fully rely on the foreign donors.

"We aim to support the social service sector through the fund," he said while speaking at a virtual meeting organised to launch a report 'Access to Justice: Social enterprise in Nepal' published by Beyond Beijing Committee.

He also expressed his commitment in immediately formulating social entrepreneurship-friendly policies and laws and appealed all concerned stakeholders to submit the suggestions for such policies and laws.

"There is a growing need to amend the laws and policies so that they would address the issues of Value Added Tax (VAT) and other taxes in the social entrepreneur sector. I urge all the stakeholders in the social welfare and non-government sectors as well as civil society leaders to submit the recommendations," said Minister Gurung.

The government is also mulling to establish 'Women Entrepreneurship Facilitation Centre' in all local levels from this fiscal year 2020/21 to promote women entrepreneurship in rural areas and Himali region.

The minister expressed his confidence that the social entrepreneurship campaign would give a much-needed impetus to discourage the existing women violence and discrimination in the society and make them economically able.

The government has also planned to establish a 'market centre' at the Bhrikutimandap in Kathmandu to exhibit and market the goods produced by the women entrepreneurs. He also urged the stakeholders to support the government in this drive.

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