Purpose

• To provide financial support to jobless educated individuals to start a business related to the skill development training obtained by them

Features

1. Eligibility

• Individual should have minimum academic qualification of Bachelor degree
• Age of the individual 18-40 years
• In case of degree from Foreign University, such university have included in the equivalent list published by any Nepali University
• At least 7 days of training from government body like Department of cottage and small industries, vocational and skill development training center, CTEVT. Individual having bachelor’s degree of technical field related to the business and has operated or willing to operate such business, no such training is required.

2. Business Type

• Individuals, Proprietorship, Partnership firm

3. Target Customer

• Educated individuals willing to start their own business

4. Loan amount

• Maximum loan amount to be NPR 7,00,000 or as prescribed by NRB from time to time

5. Interest rate: Competitive interest rates. Click here

6. Interest Subsidy

• 5% Interest Subsidy

7. Collateral 

• Original Academic certificate and certificate of training obtained

8. Nature of Facility

• Non-revolving 
• Revolving also available in the name of proprietorship or partnership firm

9. Tenure

• Maximum tenure of 5 years

10. Repayment Modality

• EMI or EQI in case of Term Loan
• Monthly or quarterly interest in case of OD facility