Microeconomic Resilience Practices in Entrepreneurship during Pandemic: A Study of Pokhara, Nepal

Local economic system was highly affected due to pandemic. Due to Covid019 spread in wider level, most of entrepreneurs were highly impact in first and second lockdown at Pokhara, Nepal. Social support and personal support preparedness initiatives are too low with envision of pandemic. Lack of enough saving, weak social support system, lower social protection policy, and lack of recovery packages to entrepreneurs, they were in crises. This study finds out what has been going on in self-sustaining practices aftermath of long lockdown, how the local supporting factors has been contributing on scaling up local entrepreneurship to bounces back after economic shocks and stresses. Is there any social protection mechanism and policy exist in local to provincial level, how existing professional groups, local cooperatives, existing financial institutions, and corporate houses has been supported to revive their entrepreneurs in tourism sector? Open-ended questionnaire, observation, key informant interviews, case studies, and in-person based discussion method were applied in this study. Content analysis of existing finding, logistic regression and available study results facilitate to draw conclusion of study. The findings of the research indicate that contribution towards the professional based formal supporting group was highest, followed by self-saving capacity and least from state agencies on building socioeconomic resilience. This study concludes that social safety nets and social protection towards entrepreneurship in the area have not been as effective as expected in the pandemic