Udaya, a project generating 3,000 jobs, launched in Koshi Province
Summary
Koshi Province government has launched the 'Udaya' project with Swiss support to promote small and medium enterprises, aiming to create 3,000 jobs and stimulate economic prosperity over four years.
Key Points
- Koshi Province government launched the 'Udaya' project with support from the Swiss government to promote entrepreneurship and small and medium enterprises.
- The project aims to secure Rs 8 billion in loans backed by a Rs 600 million guarantee fund and provide business development services.
- Loans ranging from Rs 3 million to Rs 30 million will be provided without collateral through selected banks under the project.
- The four-year initial phase of 'Udaya' targets the creation of 3,000 jobs and overall economic strengthening across 14 districts in Koshi Province.
