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Youth and Sports Minister Tejulal Chaudhary has said that arrangements should be made to provide all the loans to the youth in an accessible and hassle-free manner.
Addressing a program organized in Kathmandu on Monday, he said that the interest subsidy procedure introduced by the government for enterprise promotion should be properly implemented. He said that provision should be made to provide loans for startups by keeping project mortgages. He emphasized that the youth should invest and work hard in the right place.
Minister Choudhary expressed his hope that the conference will be successful regarding easy financial access for the youth, concessional loans, company registration process, tax system, government policies and programs, participation of productive sector, and innovative initiatives of state and local governments.
He said, 'Such programs are very fruitful in promoting entrepreneurship and making the country's economy, which is dependent on imports, export-oriented. Gives young entrepreneurs an opportunity to start new ventures by inspiring them. Nepali production and thinking should be given priority by all three levels of government.'
He added, 'There should be proper implementation of the interest subsidy procedure brought by the government. For startups, arrangements should be made to provide loans with project collateral. Arrangements should be made to provide all loans to the youth in an accessible and hassle-free manner. Young people should also invest and work hard in the right place.'
Minister Chowdhury said that the next way out for the youth is entrepreneurship, employment and skill development.
