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Cottage industries suffer loss of Rs 590 m loss due to earthquake

The cottage and small industries have suffered a loss of Rs 590 million due to devastating earthquake of April 25, and subsequent aftershocks.
The cottage and small enterprises suffered a loss of Rs 590 million due to earthquake, according to Cottage and Small Industries Development Committee. “The completely damaged structures and district offices suffered a loss of Rs 150 million in the 14 quake-affected districts,” the committee said, adding that the central office of the committee suffered a loss of Rs 160 million and small and cottage entrepreneurs suffered Rs 280 million loss due to the devastating earthquake.
The offices of the committee suffered huge losses in Sindhupalchok, Nuwakot, Okhaldhunga, Rasuwa, Dhading, Gorkha, Tanahun, Lamjung, Ramechhap, and Sindhuli and offices in 48 other districts have also suffered minor damages.
Meanwhile, industry minister Mahesh Basnet today clarified that the government will provide concessional loan for earthquake-hit industries.
Spreaking at an inauguration of the Footwear Design Training organised here today by the Footwear Producers’ Association Nepal he said that the ministry has been planning to provide concessional loan to the industries damaged by the earthquake. The earthquake-hit large scale industries will get Rs 5 million to Rs 10 million loans, he added.
Asking the association to provide more training to the youth, Basnet said that number of Nepali youth going abroad for overseas employment has been increasing after earthquake. “The government will prioritise trainings in the budget for the next fiscal year,” Basnet said.
Likewise, addressing the inauguration, officiating president of Federation of Nepalese Chambers of Commerce and Industry (FNCCI) Pashupati Murarka asked the government to bring a special package for the industrial sector.
The FNCCI is going to provide three-month training to 20 people in 20 industries of Kathmandu Valley.