Over 10,000 Applications Received for Startup Loan Program in Nepal
Summary
Over 10,000 applications have been submitted for Nepal's Startup Loan Program aimed at supporting youth-led enterprises with concessional financing.
Key Points
- More than 10,000 project proposals have been received under Nepal's Startup Enterprise Loan Program.
- A budget of 86 crore has been allocated for concessional loans in fiscal year 2082/83.
- Proposals were received from all seven provinces and 793 local levels across 77 districts.
- An AI-based screening software will initially evaluate proposals with about 80% accuracy before on-site verification by facilitators.
