Likewise, the jury committee selected the award winners based on criteria like compliance with regulations, quality of organizational management, quality of business operations, financial indicators, social impact, innovation or novelty in business or product, employment generation, contribution to export or import substitution, caliber and struggle, number of enterprises the entrepreneur is operating, and jury judgment.

Addressing the ceremony, National Planning Commission Vice Chairman Biswo Nath Poudel, who was also the chief guest of the ceremony, said that families in Nepal opt to buy motorcycles instead of washing machines.
“Washing machines and dish-washers are helpful for household chores for women but that does not fall on priority,” said Poudel, adding, “The challenge is to become inclusive. For example, our target is to provide electricity to every household. There are still 300,000 households that are deprived of electricity and those are a mostly marginalised community. Supplying electricity to them is inclusive in the true sense.”

And the FNCCI President Shekhar Golchha thanked New Business Age for inviting him to the event and praised the constitution of Nepal for its inclusiveness. Similarly, Gorakh Rana, Deputy CEO of Standard Chartered Bank Nepal Ltd., emphasized the need for female participation in every aspect of society. A video of an in-depth group discussion on ‘Post-pandemic Opportunities for Women Entrepreneurs was shown which was taken place before the event where the panelists highlighted how women entrepreneurs overcame the challenges posed by Covid-19.

Standard Chartered Bank was the title sponsor of the Event and Muktinath Bikas Bank was the co-sponsor. Star Hospital was the medical partner for the event. Center for Leadership and Entrepreneurship was the knowledge partner, Turkish Airlines was the airlines partner, Daraz was the e-commerce partner, NECO Insurance Limited was the insurance partner and Dishhome Fiber Net was the internet partner.

Similarly, the event was also supported by Agriculture Development Bank, Sipradi Trading, Storm, Reliable Life Insurance, Progressive Finance Limited, National Life Insurance, Federation of Women Entrepreneurs Association of Nepal (FWEAN), Federation of Nepalese Chambers of Commerce and Industry (FNCCI) and Nepal Rastra Bank.