Government Provides Up To NPR 5 Million Concessional Loan to Gen-Z Movement Martyrs' Families and Injured for Self-Employment
Summary
The government will provide concessional loans of up to NPR 5 million to the martyrs' families and injured people of the Gen-Z movement for self-employment ventures. The Finance Ministry has amended its loan subsidy procedure to cover agriculture, cottage industries, services, IT-based businesses, tourism, manufacturing, and startups.
Key Points
- The government has arranged concessional loans of up to NPR 5 million for the martyrs' families and injured people of the Gen-Z movement.
- The Finance Ministry issued the 'Concessional Loan Interest Subsidy (Second Amendment) Work Procedure, 2083' to add the new self-employment facility.
- Eligible businesses include agriculture, livestock, cottage and small industries, service businesses, IT-based ventures, tourism, manufacturing, startups, and other employment-generating enterprises.
- The beneficiaries must be certified by the Government of Nepal or a designated body under prevailing laws.
