KATHMANDU, Feb. 8 -- RBB to provide start-up loans on recommendation of IEDI following tripartite agreement

Start-ups will be entitled to receive subsidized loans of up to Rs 2.5 million at just three percent interest per annum from Wednesday, following the government's decision to implement the 'Start-up Enterprises Credit Operation Working Procedure 2023' with immediate effect.

The Industrial Enterprise Development Institute (IEDI) signed a memorandum of understanding (MoU) in this regard with the Rastriya Banijya Bank Limited and the Deposit and Credit Guarantee Fund for the effective implementation of the scheme targeted to boost start-ups in the country. The tripartite agreement was inked in the presence of Minister for Industry, C...