KATHMANDU: Youth and Small Entrepreneur Self-Employment Fund has announced to expedite the tasks of self-employment promotion at the local levels by running a partnership-based co-financing investment program.

Organizing a news conference in the capital city on Monday, Fund’s Executive Vice Chairman Dr. Dev Raj Roka said that partnership would be forged with the province and local governments as well as other organizations having similar goals to run professional projects on self-employment by the use of locally available means and resources.

Dr. Roka stated that areas of entrepreneurship development and self-employment generation in the country would be prioritized by providing business loans at a low-interest rate to the targeted population.

Dr. Roka mentioned that the Fund would provide loans to the province, municipalities, and rural municipalities at a maximum of 3.5 percent interest rate for employment generation and promotion of self-employment.

Kanchanpur, Bara, Parsa, Rautahat, Sarlahi, and Dhanusha districts of the Tarai region would be selected for self-employment in the fishery sector.

Likewise, auto-rickshaw, dairy-based businesses, fruit and vegetable shops, and technology-based enterprises would be supported under the Tarai-Madhes self-employment program, according to Dr. Roka.

Similarly, organizations with similar purposes would be brought on board to support self-employment ventures by providing loan to the needy ones in the Kathmandu Valley.