KATHMANDU, JANUARY 11
Even though the government has brought a policy of refinancing for the recovery of private industries, tourism entrepreneurs say that the policy is not being implemented effectively.
Lengthy process, and lack of proper response and monitoring from the government are affecting its refinancing scheme, according to stakeholders. The tourism entrepreneurs also claim that those with access to high-level officials are the only ones taking advantage of this policy.
“The age-old trend of ineffective implementation of policies has continued even during this crisis,” said Binayak Shah, senior vice-president of Hotel Association Nepal (HAN).
He further said that the concerned authorities have not even perused the applications submitted by tourism entrepreneurs in August of last year.
“We had clearly urged the government to make the process short and easy for the refinancing process, however, the problem has remained as it is,” he said, adding, “People with ‘contacts’ are getting loans easily, b