Average return on microenterprises in Nepal falls below minimum urban wage, reports World Bank

More than half of Nepal’s microenterprises remain unregistered as owners struggle with low incomes, limited job opportunities and weak incentives to formalise, says a new World Bank report.

Most informal microenterprises in Nepal remain outside the formal economy not by choice but out of necessity, according to a recent World Bank report, which says the vast majority of such businesses operate at subsistence levels with little prospect of growth.