Citizens Youth Self Employment Loan
|
Purpose |
To meet the financial requirement of youth individual to start business as directed by prevailing law related to industrial business |
|
Nature |
Terminating loan payable in Equal Monthly Installment |
|
Loan Size |
Maximum up to NPR 500,000.00 |
|
Tenure |
Maximum 5 years |
|
Rate of interest |
Average Base Rate of last three consecutive month plus Premium Rate @2% minus Interest Subsidy of 5% |
Eligibility Criteria
- Borrower should have minimum Academic Qualification of SLC or SEE or Equivalent.
- Required to submit original academic certificate as collateral.
- The applicant must have taken at least 7 days’ entrepreneurship or skills training from government entity viz; Department of Cottage and Small Industries, Vocational and Skill Development Training Centre, Council for Technical Education & Vocational Training (CTEVT) etc. Or the applicant can present proof of such skill development training after approval of the loan.