Startups receive loans ranging from NPR 500,000 to NPR 2.5 million at 3% interest rate for five years
The Government of Nepal has disbursed over NPR 886.6 million in concessional loans to 600 startup entrepreneurs under its startup support initiative. The loans were provided by the Ministry of Industry, Commerce, and Supplies through Rastriya Banijya Bank at a subsidized interest rate of 3% for a five-year term. Each selected startup received between NPR 500,000 and NPR 2.5 million, based on the project’s scale and need.
Out of 2,158 startup project proposals received in response to the ministry’s call, 661 projects were shortlisted, but only 600 startups have received funding to date. To qualify for the loan, the business must be registered for less than 10 years and have annual turnover below NPR 150 million.
In parallel, more than 69,000 companies have submitted their annual reports online through the Office of the Company Registrar, indicating a growing trend of digital compliance among registered firms.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
