Bagmati Province Government to Subsidize Interest on Loans for Self-Employed Entrepreneurs
Summary
Bagmati Province is preparing to subsidize interest on concessional business loans for self-employed entrepreneurs, with Rs 20 crore allocated in the current fiscal year. The program aims to boost entrepreneurship, investment, and employment across the province.
Key Points
- The Bagmati Province Government will provide a five percent interest subsidy on concessional loans for self-employed entrepreneurs.
- Rs 20 crore has been allocated in the current fiscal year to support the program.
- The Ministry of Economic Affairs and Planning says the initiative is meant to stimulate investment, entrepreneurship, and employment.
- The concessional loan subsidy will be available for a maximum of five years.
