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The Startup Enterprise Loan initiative provides a significant opportunity for enterpreneurs to secure funds for innovative business.
Startups in various sectors such as agriculture, tourism, IT, health services, and many more can apply
- Startup's can obtain a collateral free loan upto NPR 25 lakhs.
- Loans are offered at low interest rate of 3%, with maximum repayment period of 7 years.
- Ministry of Industry, Commerce and Supplies
- Industial Enterpise Development Institute (IEDI)
- Paid up capital should not exceed Rs. 50 lakhs per annum.
- Annual income should not exceed Rs. 50 lakh per annum.
- Startup shouldn't have more than 10 employees.
- Fixed capital should not exceed Rs. 20 lakh.
- Atleast 5% of the total expenses should be spent on product development, market development and R&D.
- The enterprise must use information technology and creative thinking to solve the problem in production and distribution.
Visit IEDI page:
[Click here]
