March 30: The Youth and Small Entrepreneur Self-Employment Fund plans to create employment opportunities to 12,000 unemployed youths.
The fund will create self-employment through five new programmes targeting youths in the current fiscal year. The fund provides a loan of Rs. 200,000 at a concessional rate to young people who need funds for starting business.
Dr. Kalyan Roka, executive vice president of the fund, informed that the fund will create self-employment for 12,000 youths under five new programmes-Cooperation Based Partnership Programme, Koshi Economic Corridor Programme, Bheri-Karnali Economic Corridor Programme, Kathmandu Valley Self-Employment Programme, and Terai-Madhes Self-Employment Programme.
He said that the fund will soon launch a self-employment-oriented programme by providing loans to the youth.
The fund will provide Rs 200,000 at 3.2 percent interest to the youths to run their business based on their skills, abilities, and knowledge.
The fund will make the youths self-employed by collaborating with the local level.
The fund will provide the loan to the youth through banks, financial institutions, and cooperatives at the local level. The fund has now called for proposals from the local level governments for cooperation.
The fund’s programme coordinator Nar Bahadur Saud informed that 12 local level governments have submitted proposals for partnership.