Government unveils first-loss credit guarantee scheme to bolster financial access for SMEs
▸ Part of: Nepal Unveils Rs 2.124 Trillion Budget for FY 2083/84 Focused on Governance and Economic Revival
The government has introduced a credit guarantee scheme with a "first-loss recovery" mechanism to enhance financial inclusion for SMEs. Finance Minister Dr Swarnim Waglé announced this plan on Friday while presenting the federal budget for the fiscal year 2083/84. The scheme aims to de-risk lending for financial institutions, encouraging them to provide credit to smaller businesses.
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