Nepal Rastra Bank (NRB) has directed the remittance service providing companies to make arrangements so that the remittance send by the Nepali citizens in abroad employment can be withdrawn easily in the situation of lockdown.

The central bank has also directed the remittance service providing companies to open their counter for paying the money remitted by Nepalis on foreign employment to their families.

Lockdown has been imposed since Thursday in various places of the country including in Kathmandu Valley following the increased risk of coronavirus pandemic.

NRB stated in a press release today that the remittance service provider firms have been urged to make these arrangements in view of the difficulty faced by the families of those Nepalis who are in abroad employment as they cannot easily access the remittances due to the lockdown. 

It also urged these companies to open their counter and provide the remittance-related financial services throughout the lockdown period by adopting all the health safety process with the presence of a minimum of staff by coordinating with local administration.

Likewise, the central bank has urged all to carry out the remittance fund transfer and foreign currency exchange in coordination with the bank and financial institutions as well as to make the transactions electronically as far as possible by fully keeping to the health safety protocol.

Source: RSS

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The Government of Nepal has invited proposals for the purpose of providing capital grants for startups (innovation) through the National Planning Commission. Through the information published today, the commission has asked for proposals through the website.

As provided in the Innovative Initial Capital Grant Procedure 2076 and the Innovative Initial Capital Grant Criteria 2077, a proposal has been invited to provide a grant of Rs. 500,000 to Rs. 5 million to the inventors, entrepreneurs, businessmen, individuals, or organizations with the latest knowledge, skills and abilities.

A notice has been issued to prepare the proposal in the format mentioned in the working procedures and criteria and send it to the office of the National Planning Commission within 30 days. To submit an offer, you need to register in the online system, create a username and password and log in. For this, the National Planning Commission has called for submitting the form through this website.

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How to submit a proposal?

You have to go to the website provided by the National Planning Commission and first register by putting your name and email. Verification will come in the email kept while registering, you can click on that link and login with the email and password placed at the beginning. Then the application form will be available. It can be explained by clicking on the button to save your idea, details of what you are trying to do, all the information about the investment. After this, the commission will start the assessment from the submitted details.

Click here to download the procedure. Click here to understand the criteria. Click here to download the form format.

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