Self-employment fund to implement five new projects

Kathmandu: The Youth and Small Entrepreneur Self-Employment Fund has put forward five new projects.

On Monday, the fund held a press conference and informed about the new projects of the fund. Executive Vice President of the Fund, Kalyan Roka, said that the programs run by the fund will be carried out effectively.

He informed that the old debts will be recovered from the defaulters and the new programs will be carried out effectively. The fund’s new programs include a partnership-based partnership program. He said that self-employed business projects will be implemented by the available manpower in the country with proper use of local resources.

For this, the fund plans to develop entrepreneurship by providing easy business loans through partnership loan investment program based on cooperation with self-employed and employment related organizations with similar objectives at the state and local level.

According to Vice-Chairman Roka, the fund will take loans from states, municipalities and villages at a maximum interest rate of 3.5 percent to create self-employment and employment. The fund will invest in loans through banks, financial institutions and cooperatives to create self-employment and employment in the respective provinces, municipalities and villages by adding additional amount to the loans taken from the state governments, municipalities and villages.

Another new program brought by the fund is the Koshi Economic Corridor program. Under this program, Sindhupalchowk, Kavrepalanchok, Sindhuli, Ramechhap, Dolakha, Okhaldhunga, Solukhumbu, Khotang, Udaipur, Saptari, Bhojpur, Sankhuwasabha, Dhankuta, Dhankuta , Taplejung, Sunsari and 17 other districts. He said that self-employment program will be conducted in Garai.

Similarly, the fund plans to run Bheri-Karnali Economic Corridor program. Vegetable farming, animal husbandry in 17 districts around Bheri-Karnali river bank (Humla, Jumla, Mugu, Dolpa, Kalikot, Dailekh, Surkhet, Jajarkot, Achham, Doti, Bajhang, Bajura, Salyan, Rukum East, Rukum West, Kailali and Vardia). He said that self-employment will be created through poultry farming, fapar-kauno farming, fishing, red rice, fruit farming, homestay / hotel, yachting and other local businesses.

The fund plans to run self-employment program in Kathmandu Valley as well. The fund has stated that the loan will be provided for the sale of fast food, vegetables and fruits, dairy products in carts, parks, chowks, streets, shopping malls and other places in the Kathmandu Valley in coordination and partnership with the metropolis, municipality and self-employed and employment related organizations.

Another program is the Terai-Madhesh Self-Employment Program. In 21 districts of Terai (Kanchanpur, Kailali, Banke, Bardia, Dang, Kapilvastu, Nawalparasi, Rupandehi, Chitwan, Bara, Parsa, Rautahat, Sarlahi, Mahottari, Dhanusha, Siraha, Saptari, Sunsari, Morang, Jhapa, Udaipur) The fund has stated that self-employment opportunities will be created by investing in fisheries.