Kathmandu, Jan. 24 -- Finance Minister Bishnu Prasad Paudel, on Monday, said he would soon implement the startup guidelines abandoned by the previous government.

"We had provisioned Rs1 billion fund for startup promotion in the 2021-22 budget. But we could not implement it as the government changed," said Paudel, speaking at the Small and Medium Enterprises (SMEs) Summit organised by the Federation of Nepalese Chambers of Commerce and Industry.

The finance ministry had prepared the Business Credit Flow Work Procedure which was slated to come into effect in July 2021.

The government had then decided to give up to Rs2.5 million for a startup in seed capital at a 1 percent interest rate without collateral, if the project was convincing, t...