 Bismuth ore is mined here.The word "Bhimphedi" comes from the Sanskrit name "Bhīma" (one of the Pāṇḍava brothers mentioned in the "Mahabharata") and the Nepali word "phedi" which means the base of a hill.According to local beliefs, Bhīma and his brothers stayed in the forests near here during their time in exile, so the place was called Bhimphedi.