Naba Udhyam Karja
Naba Udhyam Karja supports Nepali individuals returning from foreign employment by providing financial assistance.
Product Rationale:
- Encourage economically active youth residing at Nepal.
- Encourage active youth returning from abroad to initiate entrepreneurial.
- Utilize their foreign-earned skills and experience in business or employment.
- Establish or scale up income-generating activities.
- Ensure smooth reintegration into the domestic economic framework.
- Facilitate the productive reintegration of foreign-returned individuals into the Nepali economy.
- Provide accessible financial services, capacity-building, and advisory support.
- Channel returnee remittances into income-generating and sustainable ventures.
- Small-scale business setup on agriculture, trading, service, manufacturing sectors etc.).
- Establish skill-based enterprises
- Purchase of fixed assets or working capital financing.
- Business expansion for existing small enterprises run by returnees.
Loan limit:
Minimum: NPR. 1,000,000(Nepalese Rupees One Million Only). Maximum: Up to NPR 10,000,000.00 (Nepalese Rupees Ten Million Only).
Tenure:
Minimum : 1 year
Maximum: 15 years
Quantum of Loan:
Financing ratio shall be 80% of Fair Market Value or as defined by Bank’s CPG.
Terms and conditions:
- The facility shall be sanctioned on a term loan basis. However, upon business requirement and request of the client with due assessment, a maximum of 30% of the total limit shall be availed under a revolving facility, while remaining 70% shall be maintained under a term loan structure.
- Duly registered business as per Nepal government rules/regulation.
- Age group of proprietor/director/partner:
Minimum - 25 years at the time of loan application
Maximum - 50 years at the time of loan application
