KATHMANDU, April 18: The government has approved the Start-up Enterprises Credit Operation Work Procedure 2023. In line with the provisions outlined in the current fiscal year's budget, the government is set to disburse loans to start-up enterprises at an interest rate of three percent.
KATHMANDU, Feb 8: Start-ups will be entitled to receive subsidized loans of up to Rs 2.5 million at just three percent interest per annum from Wednesday, following the government’s decision to implement the 'Start-up Enterprises Credit Operation Working Procedure 2023' with immediate effect.
Rs250 million had been pledged for the programme in the last fiscal year, but the government did not provide the money. The scheme has been continued this fiscal year too.