The Ministry of Industry, Commerce, and Supply in Nepal has approved and implemented the Startup Enterprise Loan Fund Procedure 2079, which enables startups to access loans at a concessional interest rate of 3% without the need for collateral. Startups that meet the government’s criteria can now obtain collateral-free loans of up to Rs 25 lakh at a 3% interest rate for a maximum of seven years. The government has allocated Rs 2.5 crore in the current financial year for these loans, benefiting up to 100 startups with a maximum loan limit of Rs 25 lakh each.

The loan application process will be opened to startups that meet the eligibility criteria laid down by the government. The entrepreneur will have to pledge the project for such loans, and the principal can only be repaid after three years. The bank will charge a loan service fee of 0.1% while disbursing such loans. The government’s allocated amount for the loan will be kept in a separate account by the national bank and will be transferred to the concerned bank account upon approval. If the lending bank receives a 3% interest rate on the loan, the principal must be returned to the national bank’s coffers.
Startup Loan in Nepal : Process, Eligibility, Quota, and Documents
Starting a business can be challenging, especially when it comes to financing. Many aspiring entrepreneurs in Nepal struggle to obtain funding for their business ideas. However, the Nepalese government has recognized the importance of startups and their potential for economic growth, leading them to launch a concessional loan scheme to support new businesses. In this blog post, we will discuss the criteria for eligibility for the startup loan, including the seven requirements set by the government, and explain the procedure for applying for the loan, including the necessary documents and where to submit them.
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