KATHMANDU, May 29: The government has announced an investment of Rs 500 million to modernise the production and marketing of precious metals and stones including gold, silver, glass, copper, iron, leather, wood and stone, using advanced technology.
Unveiling the budget for Fiscal Year (FY) 2025/26 at the Joint Session of the Federal Parliament on Thursday, Deputy Prime Minister and Finance Minister Bishnu Paudel said the allocated funds will be used to provide capital grants, concessional loans, and skill development training for relevant industries.
Entrepreneur who creates art
Minister Paudel also announced that the government will facilitate bonded warehouse facilities for gold and silver jewellery export industries. These industries will be allowed to purchase gold and silver equivalent to 50 percent of the foreign currency advance payment received for exports.
This initiative aims to enhance production capacity and boost foreign exchange earnings through increased exports of metal and stone products.
