Nepal's Fiscal Strategy: Boosting Innovation and Global Education
Nepal's Deputy PM, Bishnu Paudel, announces NPR 1,964 billion budget for 2025-26, focusing on startup loans, social security, health insurance, and educational incentives for international students. The budget aims to foster entrepreneurship, support social welfare, and enhance Nepal's appeal to foreign scholars.
- Country:
- Nepal
Nepal's Deputy Prime Minister and Finance Minister Bishnu Paudel unveiled a budget of approximately NPR 1,964 billion for the 2025-26 fiscal year, Thursday. Addressing a joint session of Parliament, Paudel introduced measures to stimulate economic development and social welfare.
The budget allocates NPR 730 million for subsidised loans to support startups, with a concessional interest rate of 3%, targeting Gen-Z entrepreneurs. Additionally, initiatives include NPR 109 billion for social security and NPR 10 billion for health insurance, effective mid-July.
To attract international students, the budget offers free visas for those pursuing higher studies in Nepal, aiming to solidify the country's reputation as an educational hub.
(With inputs from agencies.)
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