Government Introduces Rs. 15 Lakh Concessional Loans for Gen-Z Martyrs’ Families and Injured
Summary
The Government of Nepal has approved revised concessional loan rules, including a new Rs. 15 lakh self-employment loan for families of Gen-Z movement martyrs and injured persons. The amendment also raises lending ceilings for agriculture, women entrepreneurs, startups, disaster victims and other priority groups.
Key Points
- The Government of Nepal approved the second amendment to the Interest Subsidy Procedure for Concessional Loans, 2082.
- A new self-employment enterprise loan of up to Rs. 15 lakh has been introduced for families of Gen-Z movement martyrs and injured persons.
- The revised procedure raises loan ceilings for several groups, including agriculture, women entrepreneurship, startups and disaster victims.
- Banks must process applications within 15 working days, and the government will provide a 3 percent interest subsidy for eligible loans.
