Promoting Entrepreneurship in Bhutan

Although Bhutan made significant economic strides since 2000, there were still obstacles to overcome. The country’s dependence on hydropower and tourism made its economy vulnerable to climate change and the effects of COVID-19. As the rate of educational attainment increased and more people sought employment in the public sector, youth unemployment became a serious problem. To diversify its revenue sources, create more jobs, reduce poverty, and improve the welfare of its people, Bhutan introduced policies to support its cottage and small industries (CSIs). Based on the 2019 CSI Policy and the 2019–2023 CSI Action Plan, we describe the challenges faced by entrepreneurs in the renewable and natural resources sector and draw on the perspectives of government officials.