KATHMANDU – The Industrial Business Development Foundation has announced the opening of applications for startup venture loans. Entrepreneurs who meet the criteria outlined in the Startup Enterprise Loan Operation Procedure 2081 are invited to submit their project proposals.

Key details include:

• Application Deadline: Proposals must be submitted within 21 days.
• Application Process: Applications can be filled out online via the IEDI website (IEDI.oraji.np).
• Budget Allocation: The government has allocated one billion rupees for startup loans in the current fiscal year.
• Beneficiaries: Approximately 700 entrepreneurs will benefit from this program.
• Loan Terms: The maximum loan period is five years with an interest rate of three percent per annum.
• Eligible Sectors: Nineteen sectors, including agriculture, manufacturing, tourism, health, infrastructure, and electric vehicles, have been designated for these startup loans.

Entrepreneurs are encouraged to apply promptly and take advantage of this opportunity to secure funding for their ventures.