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.

For the current fiscal year 2023/24, the government has allocated Rs 250 million to encourage individuals with innovative knowledge, thinking, skills, and abilities to venture into start-up enterprises. An agreement has been reached with Rastriya Banijya Bank to mobilize this allocated amount.

The Ministry of Industry, Commerce, and Supplies has disclosed that a Memorandum of Understanding has been signed, designating Rastriya Banijya Bank to oversee a...