KATHMANDU: The government has announced a 100 per cent rebate on income tax for startups for up to five years from the start of business.
The government has also announced one percent interest rate soft loan to startup businesses to motivate the youth in entrepreneurship.
In addition, the budget has mentioned that one-stop system will be implemented to facilitate the establishment and operation of such startups.
Similarly, the government also announced to set up a challenge fund of Rs 1 billion to help new entrepreneurs financially.