Startup Ideas Call for Young Entrepreneurs

The Bagmati State Government has started a Startup Idea Call for youth who want to become entrepreneurs with innovative ideas. In a tripartite agreement, the Ministry of Industry, Tourism, Forest and Environment, RastriyaBanijya Bank and Vishal Foundation have jointly launched the Start-up Ideas Call. As per the agreement, Rastriya Banijya Bank will provide concessional loans up to a maximum amount of Rs. 1.5 million at 3% interest rate to the selected entrepreneurs. At the inaugural session held in Kathmandu, former Prime Minister Madhav Kumar Nepal inaugurated the task of calling for a new proposal through website and video message. Speaking on the occasion, Minister for Industry, Tourism, Forest and Environment of the Bagmati State Government, Arun Nepal said that investment would be made for 200 youths doing business in the Bagmati State. Kiran Kumar Shrestha, CEO of Rastriya Banijya Bank, urged young people to make good use of the opportunity. Vishal Gare, CEO of the Vishal Foundation, said that the program would be extended to other states in the near future under tripartite cooperation.