The Challenges Of Entrepreneurship In Nepal

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Introduction Entrepreneurship is the process of new ventures involving creativity and innovation. The whole idea about entrepreneurship is about self-employment which will generate employment opportunities for others. Entrepreneurship is the most effective method for bridging the gap between science and the market place, creating new enterprises, and bringing new products and service to the market. Nepal is developing county with an agricultural economy. In recent years, the country 's efforts to expand into manufacturing industries and other technological sectors have achieved much progress. Nepal is heavily dependent on remittances, which amount to as much as 22-25% of GDP. Agriculture is the mainstay of the economy, providing a livelihood for more than 70% of the population and accounting for a little over one-third of GDP. Industrial activity mainly involves the processing of agricultural products, including pulses, jute, sugarcane, tobacco, and grain. Nepal has considerable scope for exploiting its potential in hydropower, with an estimated 42,000 MW of commercially feasible capacity. Challenges: The entrepreneurs of Nepal come across various challenges to start or move forward though having great ideas; The major challenges are lack of proper entrepreneurial education and training, lack of knowledge of advance technology as compared to developed countries, limited finance, skilled employees, low return from industrial return, conservative lending policy of bank and
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