Micro, Cottage and Small Enterprises (MCSEs) for Local Economic Development in Nepal

Dev Raj Rai

Abstract: There is a structural change in Nepal since 2015. Local government has been given the legislative, executive, and judiciary rights. Agriculture, tourism, industry and commerce, cooperative and financial institutions have been mandated as components of local economic development (LED). Micro, cottage, and small industries (MCSEs) are the foundation of the local economy. It is believed that excess cash inflow over outflow develops the local economy. To do so, how every level of government of Nepal is working for the growth of MCSEs is an interesting subject of study in the current situation of Nepal. To know the actual scenario of MCSEs in the locality, this study was carried out. Both qualitative and quantitative methods were adopted. Primary and secondary data collection methods were applied. This study followed the deductive approach to explore the status of policies into practice.

Keywords: Local Economic Development, Local Economy, Enterprises, Cash inflow and outflow, MCSE