Failure to make payments on time increases the problem of small contractors fleeing
लगानी न्यूज
Kathmandu. Small contractors in Banke district have started to lose their jobs due to lack of timely payment. Chairperson of Banke Contractors’ Association, Lilaraj Upadhyay, said that around 10 percent of small contractors in the district migrate to the district every year due to problem in payment.
Stating that 10 percent of the 653 contractors affiliated to the federal government in the district were unable to work, he said the time has come for the State to think about the small contractors.TAG_OPEN_div_22
} “It has become difficult for the contractors to work adequately as they have not been able to repay the loan on time,” he said, adding, “We had assured to resolve the problem when we met with the ministry and other government bodies about our problem, but the government needs to pay attention immediately to the fact that the payment has not been made.” ”
Development works worth Rs 8 to 10 billion are taking place in the district TAG_OPEN_div_18. However, the construction sector has been deteriorating as the concerned body has not released the work even after the completion of the work as per the contract agreement.
Upadhyay said that the situation of development entrepreneurs fleeing their homes is not a good sign for the national economy.TAG_OPEN_div_16
TAG_OPEN_div_14″Contractors not only use their own capital but also take loans from banks and financial institutions to advance development projects, but they are facing double whammy as they have not been able to export the project on time,” Upadhyay said. ”
He complained that the government has been bringing the entrepreneurs under the ambit of action even when the construction work has been halted due to lack of budget.TAG_OPEN_div_12
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