KATMANDU, June 23: Finance Minister Bishnu Prasad Poudel urged hoteliers and tourism entrepreneurs to take advantage of government facilities in the hospitality and tourism sector.
After receiving the letter with suggestions from the Nepal Hotel Association (HAN), Minister Paudel said the current year’s budget meets many demands from the hotel and tourism industry and hoteliers should benefit new privileges.
Minister Poudel said the budget would provide facilities to the hotel and tourism sector as well as to the productive sector. He also said it was one of the best programs the government introduced during the COVID-19 pandemic.
Minister Paudel urged entrepreneurs to be confident in the implementation of the programs mentioned in the budget. In the budget for Fiscal Year 2021/22, it was mentioned that the hotel sector will be exempt from charges on demand for electricity during the period of the prohibition orders.
The government has removed business renewal fees for businesses affected by COVID-19 such as hotels, travel, backpacking and tourism businesses, public transportation, and air services, among others, over the course of the year. fiscal year 2021/22.
Likewise, the budget announced to provide hotels and the tourism industry with facilities like those of the productive sector and to provide incentives according to the criteria set by the government if the hotels which could not enter service under COVID-19 are operated as isolation centers.
Nepal Hotel Association President Sirjana Rana said it was a good thing to include the hotel in the service-oriented industry.
The Nepal Hotel Association suggested that the 2021/22 monetary policy should control whether loans from banks and financial institutions have been refinanced through Nepal Rastra Bank, the existing refinancing amount should be increased and the loan term should be maintained for one year.