KATHMANDU, March 20: Prime Minister KP Sharma Oli said that startup loan assistance will be provided to encourage youth entrepreneurship, with plans to disburse loans to at least 500 entrepreneurs this year.
During today’s meeting of the House of Representatives, PM Oli, while responding to questions from lawmakers, said that the process of selecting applicants for a program offering concessional interest rates to attract investors for startup-based entrepreneurship development, focused on fostering creativity and innovation, is in its final stages.
13 fresh startups in 2nd Nepal Startup Meet
He mentioned that the government recently concluded the National Labor and Employment Conference with the aim of expanding domestic production and productivity to create a sustainable base for internal employment. He also pointed out that in today’s globalized world, citizens from even the most developed and wealthy countries are increasingly traveling abroad for business, employment, and education opportunities according to their preferences.
PM Oli stated, “That the youth of the country going abroad should be viewed entirely negatively is incorrect. The duality of viewing going abroad as a source of pride on an individual level, while perceiving it as a negative commentary on a social level, has conveyed a negative message.”
He further added, “Previously, there were limited options for livelihood, but today, those options have expanded. Our youth have also taken advantage of the opportunity to go to any corner of the world. However, this does not mean that we have remained inactive in creating opportunities for entrepreneurship and employment within the country.”
