Government to Invest Committed Funds in Private Equity and Venture Capital

The government has announced that funds from various committed funds will be invested in private equity funds and venture capital. Finance Minister Barshaman Pun made this announcement while presenting the budget for the upcoming fiscal year 2081/82 in the joint session of the Federal Parliament on Tuesday.

Minister Pun stated that the policy will also encourage loans provided by banks and financial institutions to be directed towards innovation. This move is expected to promote innovation and entrepreneurship in the country.

Investing in private equity funds and venture capital will provide financial support to new businesses and startups, helping them expand and develop cutting-edge technologies and services. This initiative aims to contribute significantly to Nepal's economic growth and development. Promoting innovation and entrepreneurship is believed to create job opportunities and accelerate the economic growth rate.

The budget measures announced are designed to strengthen the financial system and enhance the overall economic situation of the country. Government policies and support are expected to foster an environment that encourages innovation and entrepreneurship, ensuring long-term economic stability and prosperity.