The Nepalese Government has released a procedure relating to seed capital grant to innovation, 2018 (2076) procedure to grant loans to entrepreneurs with innovation knowledge, skill and capacity.
In the table below, the terms of the loan under this plan are emphasized.
|SN||Entitlement||Conditions of Loan|
|1||Eligibility||Businesses inventing, innovating or operating business of goods or service through new knowledge, skill, and capacity|
|2||Operation Area||In the fields of Industry, Agriculture, Energy, Health, Tourism, Education, Information Technology and others.|
|3||Interest Rate||2 % through the commercial bank specified by committee.|
|5||Threshold of Loan Amount||The working procedure stipulates that a maximum loan of Rs 50 lakh be issued, with no more than 50% of the total cost of the firm being covered.|
|6||Maturity Period||Within one year of the previous installment, repayment begins.|
|7||Required Conditions and Documents||
Process of Receiving Loans
|1||Identifying the sources of Business loan||
b. General Partners- who own 1 percent of share and have full liability Note: Private Equity Investors in Nepal are; Global Equity Fund , Hathaway Investment Nepal and Dolma Impact Fund
Banks consider factors such as the
|4||Interest Rate (Base Rate)||
|5||Priority Sectors||NRB priority sectors - Agriculture, Energy, Micro, Cottage, Small and Medium Industries and Tourism for Commercial Banks, Development Banks and Financial Company Micro Finance priority sectors - Agriculture|