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Government asks startups to submit proposals for subsidised funding

Prospective startups will get loans up to Rs2.5 million at 3 percent interest.

Sundar shyam ghimireStartup enterprises credit fund working proceduresDepartment of industryRastriya banijya bankIndustrial enterprise development instituteIndustry ministryRastriya banijyaNational planning commission

Govt introduces Startup Enterprises Credit Fund Working Procedures to facilitate loans for innovative ventures

KATHMANDU, Jan 30: The government has prepared the Startup Enterprises Credit Fund Working Procedures to provide loans to startups that develop new ideas into enterprises. Joint Secretary of the Ministry of Industry, Commerce and Supplies, Jiblal Bhusal said that the procedure has been approved by the ministry.

Jiblal bhusalShekhar babu karkiMinistry of industryStartup enterprise programStartup enterprises credit fund working proceduresIndustrial business development foundationIndustrial enterprise actJoint secretary bhusalIndustrial business developmentBabu karkiEnterprise actNline news nepalEpal newsEpal news onlineEpal news todayEpal news latest

Government approves rulebook to issue start-up funds

As per the working procedure, loans of up to Rs2.5 million will be provided to the start-ups at 3 percent annual interest.

Bimal prasad baralStartup enterprises credit fund working proceduresIndustrial enterprise development instituteMinistry of industryDepartment of industryPrasad baralIndustrial enterprise developmentIndustrial enterprise actNational planning commission

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