Developing a Green, Resilient, and Inclusive Entrepreneurship Policy Framework for Nepal
25 August 2023
The Ministry of Industry, Commerce and Supplies (MoICS), in close collaboration with the International Centre for Integrated Mountain Development (ICIMOD), has realised the need of a policy framework to provide strategic direction for the federal, provincial, and local governments, value chain actors and the players in Nepal’s entrepreneurship ecosystem. [...] Entrepreneurship ecosystems are a combination of social, political, economic, and cultural elements within a region that support the development and growth of innovative start-ups and encourage nascent entrepreneurs and other actors to take the risks of starting, funding, and otherwise assisting high-risk ventures7. [...] The MSME sector is emerging and has contributed significantly to the economic and social development of the country by promoting entrepreneurship and generating employment opportunities. [...] The EPA has mandated the Ministry of Forestry and Environment as an authority to approve the environmental study report that addresses all the issues related to IEE and environmental impact assessment (EIA) for projects and enterprises. [...] The Act has also introduced the concepts of Environment Management Plan for the mitigation of adverse environmental impact in the course of implementation of a construction project.