KATHMANDU, March 16 -- While unemployment is increasing in the country, there is a growing interest in startups among the youth. Young people are drawn to startups as they can avail loans at concessional rates to initiate ventures.

Although the government will provide concessional loans at three percent interest rate to entrepreneurs with the latest knowledge, thinking, skills, and abilities, there is a significant number of people aspiring to become entrepreneurs by availing startup business loans. The Ministry of Industry, Commerce, and Supplies has planned to provide loans up to a maximum of Rs 2.5 million by introducing Startup Enterprises Credit Fund Working Procedures.

Although the Industrial Enterprise Development Institute has p...