Handicraft and Skill Based Enterprise Development Loan
The production of Handicraft is an age-old practice in Nepal and is well recognized in export markets. There are large self-employed individuals based on Handicraft and other skill-based livelihood operating on a small scale across the country. Financial assistance is specially designed for these individuals and enterprises to improve their livelihood and further contribute to the nation’s economy.
Features
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Interest Rate: Base Rate + 2% premium.
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Loan Size up to Rs. 1.5 M
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Tenure of up to 5 years
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Repayment Mode on EMI Basis
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Registered mortgage / Rokka charge (for Loan below Rs 1 million) over L/B owned by borrower/partner/promoter/Family Member.
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Actual Fee on CIC and STR and 0.75% of the total limit on LAF
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TAT: Approval confirmation within 7 working days after submission of all required documents
