Covid-19 shut 75% of cottage and small enterprises in Nepal: Govt

SMEs - cottage industries
File: A home-based weaving enterprise

Kathmandu, February 15

A government-led study has found that 75 per cent of the cottage and small enterprises in Nepal got shut due to the Covid-19 crisis over the past year.

The study conducted by the Department of Industry, Commerce, and Supplies reports the lockdown and other restrictive orders imposed to control the spread of the virus forced several enterprises to shut.

Even among the surviving ones, the productivity has come down by up to 75 per cent, according to the report.

Overall, 81.19 per cent of the enterprises came back to operation after the lockdown and prohibitory orders whereas 10.81 per cent are shut, according to the report. Likewise, overall, 54 per cent of the enterprises reported a reduction of up to 50 per cent in their productivity whereas 32.43 per cent of the enterprises reported the productivity reduction up to 75 per cent.

The study had selected 17 cottage and micro enterprises, eight small enterprises, four medium enterprises, and eight big enterprises as samples.

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