The Industrial Business Development Institute (IEDI) issued a public notice on Wednesday, inviting applications from entrepreneurs to avail the Startup Enterprise Fund. The fund is regulated by the revised Startup Enterprise Loan Operation Procedure 2082.
As per the notice published yesterday (6 November), eligible startups listed under Schedule 1 of the procedure can apply for loan support ranging from NRs five lakh to NRs 20 lakh at interest rate of 3%. Previously, the government offered startup loans of up to Rs 2.5 million (25 lakh) but under the revised scheme, the maximum loan limit has been adjusted.
Interested startups can submit their project proposal either through the online portal or by providing a physical copy of the application to the IEDI office at Tripureshwor. The format and guidelines for the proposal are provided in Schedule 3 of the procedure.
The project proposal will be evaluated based on the criteria mentioned in Schedule 4 of the procedure. IEDI urges applicants interested in submitting their proposal by 25th November (Mangsir 9).
In the last fiscal year 2024/25, 661 enterprises were selected for the concessional loans—up from 165 the previous year.
Further details, including proposal guidelines and formats, are available at the IEDI website at https://iedi.gov.np.
