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NRB calls for eligible citizens to acquire a business loan


Kathmandu, November 12, 2018: A notice has been issued calling on an eligible citizen to acquire a business loan by keeping educational certificates as collateral by the Nepal Rastra Bank (NRB).

The government has announced various program like ‘Educated Youth Self Employment’; ‘Women Entrepreneurship’; and ‘Agriculture and Livestock’ in the budget for the current fiscal year 2018-19, where it has promised to subsidized a loan for those youths who are interested to start their own business. NRB mentioned that any Nepali youth completing the secondary level education or equivalent to it and not exceeding 25 years of age can apply for a loan. He/She can use the loan to continue with a higher education or pursue technical or vocational education.

As per this scheme, a youth can get a loan up to five lakh rupee with the interest rate not exceeding two per cent. Likewise, in order to acquire a loan under the ‘Educated Youth Self Employment’ program, the youth must keep the original academic certificates in the bank or financial institution as collateral. He/She must have a PAN and is not blacklisted in any banking case.

Prior to this , a circulation was issued by the central bank directing all the commercial banks and financial institutions to make arrangements for providing the loans against the academic certificates. However, micro-finance companies are not allowed to provide such loans.

Now on, the eligible candidate may proceed for taking loans from the commercial banks, development banks and other financial institutions because of the implementation of an integrated interest grant procedure- 2075 BS related to the subsidized loans introduced by the Ministry of Finance.