Kathmandu, Oct. 17 -- According to the plan, proposals under the Startup Loan Facilitation Scheme-which offers collateral-free loans at a concessional 3 percent interest rate-will be invited from aspiring entrepreneurs by mid-January 2026. The ministry will then shortlist eligible applicants. In a bid to promote entrepreneurship and support emerging businesses, the government has approved a comprehensive plan to fast-track concessional loans for startup ventures.

The Ministry of Industry, Commerce and Supply (MoICS) on Tuesday endorsed a 39-point "Immediate Reform Work Plan for Promotion of Effective Public Service 2025," which includes several measures to accelerate startup financing and streamline related processes.

According to the p...