To combat youth unemployment and brain drain, the federal government has established the National Youth Entrepreneurship Fund with a substantial initial capital investment. This fund offers collateral-free, low-interest loans to young innovators and startups focusing on technology, agriculture, and sustainable energy. Prime Minister Balen Shah stated that the government would also provide mentorship and incubation facilities to help these ventures scale up. By creating a conducive environment for innovation, the administration intends to encourage young Nepalis to stay in the country and contribute to its economic development, ultimately transforming Nepal into a hub for regional entrepreneurship and creative industries.
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To combat youth unemployment and brain drain, the...
To combat youth unemployment and brain drain, the federal government has established the National Youth Entrepreneurship Fund with a substantial initial capital investment. This fund offers collateral-free, low-interest loans to young innovators and startups focusing on technology, agriculture, and sustainable energy. Prime Minister Balen Shah stated that the government would also provide mentorship and incubation facilities to help these ventures scale up. By creating a conducive environment for innovation, the administration intends to encourage young Nepalis to stay in the country and contribute to its economic development, ultimately transforming Nepal into a hub for regional entrepreneurship and creative industries.