Nepal, May 6 -- The government has selected 661 projects for startup enterprise loans in the current Fiscal Year (FY) 2024/25.

According to the Startup Enterprise Loan Operation Procedure, 2080, the Industrial Enterprise Development Institute (IEDI) has selected 661 projects with innovative ideas, skills, and capabilities for the loan.

According to Umesh Gupta, the Executive Director of the IEDI, when the call for proposals for enterprise loans was made, 1,314 proposals were received. Through various processes, 1,073 proposals were shortlisted.

Through the presentation process, out of the 1,073 proposals, 661 project proposals were selected. Entrepreneurs whose projects have been selected are instructed to contact the designated bank b...