"B" Class Development Banks 3. WMBFL strives to break free from traditional banking to give the banking business a whole new meaning. $10 million divided by 1 million shares is paid-up capital (or 10 cents per share). The fundamental mission is to facilitate financing which is the slogan of Guheswori Merchant banking and finance Ltd. Basically, the institution is focusing on people who have not yet had the ease of banking. Its products are Surya Money Back Plan, Foreign Employment Life Insurance Plan, Children's Policy, Surya Endowment cum Whole Life Plan, and many more. United Finance is the largest finance in terms of paid-up capital with Rs 104.08 crores. Probably the most important financial service provided by financial institutions is to act as financial intermediaries. Its head office is located at Bhanu Chowk-2, Janakpardhan. So, if a company were to release 100 stocks with a face value of 1 and sell them for 20 each, it would report 2,000 in paid-up capital on its balance sheet. It mobilizes its sources in the form of fixed, savings, and other short-term deposits at competitive interest rates. What Is Share Capital? Five class A financial institutions may be affected by the directive. Now, I have been researching the job market, especially in the Gulf region. Each share of stock is issued with a base price, called its par. It was established in 28 Ashoj 2064 as a nationwide financial company. The central bank had given two years time, which ended in mid-July this year, to the BFIs to raise their paid-up capital. He also said national-level development banks would have to raise minimum paid-up capital from Rs 640 million to Rs 2.5 billion by mid-July 2017, while national-level finance companies, including . The institution is a continuously growing company and currently the branches are spread over Dillibazar, Indrachowk, Lalitpur, Bakhtapur, Butwal, Birtamode, Itahari, Dang, Nepalgunj, Illam, Phidim, Tripureshwor, Dhangadhi, Bardibas and Nawalpur. According to directives issued by Nepal Rastra Bank, a commercial bank must have maintained a minimum of 8 billion paid-up capital. Notify me of follow-up comments by email. With the help of banking software and a team of professional bankers, they can guarantee the delivery of a reliable and quality service to their clients. Janaki Finance Company Limited (JFCL) has a wide range of remittance services for its clients. The loans provided are: shared loan, mortgage loan, rental purchase loan, personal loan, real estate loan, commercial loan, agricultural loan, miscellaneous loan. Almost everyone deals with a financial institution on a regular basis. Issuing a circular today, the central regulatory and monetary authority has said it will take action against the BFIs who have not abided by the central banks instruction and force them to either go for merger or be acquired by other financial institutions. Buddha Jyoti Laghubitta Bittiya Sanstha Ltd. 4-10 District Level(Palpa, Arghakhanchi, Gulmi,Baglung, Rupundehi, Nawalparasi, Kapilbastu, Mustang, Myagdi,Rukum ), 1-3 District Level (Sarlahi, Mahottari, Dhanusha), 4-10 District (Kathmandu, Dhading, Gorakha, Lamjung, Tanaun, Bara, Parsa, Chitawan, Nawalparasi and Rupendehi). Ghodighoda Laghubitta Bittiya Sanstha Ltd. 4-10 District Level (Kailali,Kanchanpur,Banke,Bardiya,Da ng,Surkhet,Doti,Dadeldhura,Baitadi,Da rchula). Today, SIFCO has grown prominently over the years, from fixed, recurring, and savings deposits to loans and advances. A company's paid-up capital figure represents the extent to which it depends on equity financing to fund its operations. Nepal has many nationalized and private finance companies. Other branches are located in Narayanghad (Chitwan), New Road (Kathmandu), Butwal, Dhangadi, Itahari, Biratnagar, Nepalgunj, Dharan, Pokhara, Birgunj. S.No. Paid up Capital Working Area 1 Nepal Finance Ltd. 1993/01/06 Kamaladi, Kathmandu 13.58 National Level . Additional paid-in capital is the excess amount paid by an investor above the par value price of a stock during an initial public offering (IPO). list of microfinance in Nepal and their area, List of commercial bank in Nepal, A class. Although there are 90 microfinance companies in Nepal they have different areas of the operation. It is a private non-public company and is classified as a limited company by shares. After separation, the company started with an authorized capital of NPR 150 million and the issued and paid-up capital was NPR 100 million. It offers services such as remittances, SMS banking, Connect IPS, SCT UPI debit card, savings account, fixed deposit account. Save my name, email, and website in this browser for the next time I comment. and the Companies Law 2053. The finance company has three branches in Sabahagriha Chowk Pokhara, Sundhara Kathmandu and Bhimkali Patan Pokhara. Million Authorized Capital: 15, Issued Capital: 10, Paid Up Capital: 10, Promoters' Contribution 69% Public Contribution 31% Sources: Official Website of Nepal Investment Bank Ltd . Our name was changed to . 30%. It's the company's common stock or equity. Understanding Coca-Cola's Capital Structure (KO). In the United States, companies wanting to "go public" must register with the Securities and Exchange Commission (SEC) before issuing an initial public offering (IPO). Finance Company(National Level)National LevelC Class800,000,0002. The company has started its service with paid capital Rs. The primary market is the only place where paid-up capital is received, usually through an initial public offering. The NRB will instruct such BFIs to go for merger or seek an acquirer, reads the NRB circular. It offers loans such as education loans, home loans, personal loans, commercial loans, installment loans, agricultural loans, Mrgin loans, real estate loans, loans against FDR, loans against gold, loans for obsolete sectors, margin loans, working capital / OD loans. The BFC is incorporated under the Company Act, 2063 and duly authorized by Nepal Rastra Bank (the Central Bank of Nepal) as a class C financial institution under the Banks and Financial Institutions Act, 2073. "The Chief Deposit Officer in our bank is Saroj Guragai," CEO Pandey told Capital Nepal. Minimum paid-up capital required for microfinance companies in Nepal Class A or Commercial Banks in Nepal Commercial banks are the highest-class and general-purpose banking institutions. Send notice to all member for calling general meeting and approve the same by passing members resolution. Welcome to Peoples Investment Company For the rapid economic development of Nepal, there is need to increase investment. Paid-up Share Capital. Finance Company(Operating in maximum 3 districts)District LevelC Class400,000,000Minimum paid-up capital required for C- Class Finance Companies in Nepal. ICFC Finance Limited, registered in 2003 under the Companies Act 2053 and the Banking and Finance Ordinance, 2060 began operations from July 17, 2004. The citys express finance company limited is a C class national level finance company. Profit, equity, deposit raising, and investment are trending upward. 10.What are Tier I capital and Tier II capital? If the company raises additional authorized capital, then the charges by MCA are as follows: Additional Authorized Capital (Rs.) Get details such as Company Name, Incorporation Year, Paid Up Capital & more. The main reason behind this initiative is to enable the poor and deprived community to access banking services. To accept loans or grants from any bank or financial institution or native or foreign organization or institution, and use such loans or grants for the supply of micro-credit or for making the same effect. Nepal Share Markets & Finance Ltd. is based in Kathmandu, Nepal. In a short span, number of non-banking financial institutions has drastically grown up. The Development Banks (B-Class) have to maintain the following minimum paid-up capital depending upon the level of operation.Types of Banks or Financial InstitutionOperation LevelClassMinimum paid-up Capital (NPR)2. A corporation raised $10 million from stockholders and issued 1 million $1 shares. Following is the share capital composition of the bank as at 31st March, 2018: Authorized Capital : NRs 140,000,000 (1,400,000 shares of NRs 100 each) Issued Capital : NRs 8, 00, 00,000 (8, 00,000 shares of NRs 100 each) Paid up Capital : NRs 798, 52,000 (798,520 shares of NRs 100 each) 1.2 Boards of Directors Support Microfinance Bittiya Sanstha Ltd. 4-10 Distrit Level (Sunsari, Terathum, Dhankuta, Panchthar, Bhojpur, Udayapur, Khotang, Sindhuli, Ramechhap, Makwanpur), 10+5 District Level(Sindhupalchok, Nuwakot, Dolakha, Ramechhap, Sindhuli, Okhaldhunga, Khotang, Bhojpur, Terathum, Dhankuta, Kavrepalachok, Dhading, Gorkha, Tanahu, Kaski), 10+5 District Level(Nawalparasi,Rupandehi,Kapilva stu,Gulmi,Arghakhachi,Palpa,Rolpa,Da ng,Salyan,E.Rukum,W.Rukum,Jajarkot. It started operations in the 18th Mangshir 2066 as the 84th Nepal Finance Company under Law 2063 of the Bank and Financial Institution (BAFIA). Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. privately borrow money in UAE. It has started with its registered office in Durbarmarga, Kathmandu. December. The products and services offered by Lalitpur Finance Limited include Term Deposit, Savings Deposit, Super Savings Deposit, Bal Bachat Deposit and Mahila Khutruke Deposit under its deposit scheme and Home Financing and Real Estate Loan, Asset Financing, Finance Personal and Term Financing, Term Loan and Industrial Loan, Consumer Loan, Private Sector Loan and Loan Against Shares under their loan schemes. Samriddhi Finance Company Limited (SFCL) was established as the countrys 49th financial institution in 2057 BS. Progressive Finance Limited is a corporation registered at 14th Ashwin, 2051 under the Companies Act, 2021 BS. Share capital is the money a company raises by issuing shares of common or preferred stock. Paid-up capital doesn't need to be repaid, which is a major benefit of funding business operations in this manner. A company could, however, receive authorization to sell more shares. It also records the corresponding equity on the balance sheet. Mr. Ajit Kumar Mishra is the Executive Director of the company. Any amount paid by investors that exceeds the par value is considered additional paid-in capital, or paid-in capital in excess of par. It has been able to maintain sufficient liquidity ratios. Amazon in Saudi Arabia, learn what kind of services it provides. Through the branches of ICFC Finance Limited across the country offers various banking services and products through its branches. Pancharatna Finance And Investment Limited. Interest rates range from 8.75% to 9.75%. The company has ATMs in various places such as Besisahar, Putalisadak, Newroad, Nayabazar, and Thapathali. Is It Legit to Invest in? For example, a company may issue 1 shares with 50p payable immediately upon application by intending shareholders, a further 25p upon allotment of shares to shareholders and the final 25p three months later. Out of the 22 finance, Nepal Rastra Bank has declared three as the problematic financial institutions. If any commercial bank which has not operated a microfinance program it should provide the fund to the microfinance institution through wholesales landing. 50,00,00,000. Businesses must request permission to issue public shares by filing an application with the agency responsible for the registration of companies in the country of incorporation. Find competitors of Invexy Financial Services Private Limited online. Now the company has been able to increase the paid-in capital amounted to Rs. Is it legal? 2019. 80%. The list of B class development banks in Nepal is presented below: Get $100 Credit on DigitalOcean Cloud Hosting. Definition, How It Works, and Types, Additional Paid-in Capital: What It Is, Formula and Examples, Stock Dividend: What It Is and How It Works, With Example, Paid-In Capital: Examples, Calculation, and Excess of Par Value, Equity Financing: What It Is, How It Works, Pros and Cons, Authorized Share Capital: Definition, Example, and Types. The head of crystal finance Ltd is Bag Durbar, Kathmandu, Nepal. PUC is the precise amount a shareholder pays for his or her shares. The head office is in the Head Office: Charkhal, Dillibazar, Kathmandu. The concept of microfinance in Nepal is to provide financial services, including micro-credit, micro-savings to poor and disadvantaged communities. How to Activate VoLTE Service in NTC SIM and Get 100 Minutes Free Voice Call, TU BBS 4th Year Exam Routine 2079 (Revised), Nepal Rastra Bank Syllabus for Open Competition Examination (2078), Tribhuvan University Bachelor 4th Year Exam Routine 2079, How To Apply For IPO Online Using Meroshare In Nepal? What is Paid up Share Capital? In keeping with growth objectives, the company has continued to increase its capital base. The interest rate varies from 12% to 15% depending on the types of loan and criteria. Paid-in capital is the full amount of cash or other assets that shareholders have paid a company in exchange for shares of its stock. Promoters' Contribution Public Contribution. Airlines have increased air fares after the Nepal The Nepse index has broken an all-time high record on Sunday which is the first day of the stock trading week. However, when such amounts are paid, the issue of how much amount should be paid is usually not mentioned. Head Office along with paid-up Capita are listed below: S.No. The company is registered with the Chandigarh Registry Office (Chandigarh). It provides services to our country to send foreign currency which is just one more step for people living outside Nepal to send their money from anywhere in the world. The company was listed on the Nepal Stock Exchange on September 18, 1998 (2055/06/02). Attractive interest rates are offered with different savings schemes. Most financial institutions are regulated by the government. Paid Up Capital: 52 Weeks High/Low: 408/219: EPS TTM: 0.40 (Book Close Adjusted) EPS Reported: 1.03: PE Ratio TTM: 807.85 : PB Ratio: 2.91 : ROE . Procedure to increase Paid up share capital of the company. The central office of mercantile capital, banking and financing co. Ltd is located in Battisputali, Kathmandu. Unique Nepal Laghubitta Bittiya Sanstha Ltd. 4 - 10 District (Bardiya, Banke, Kailali, Kanchanpur, Dang, Kapilbastu,Rupandehi, Nawalparasi, Surkhet, Dadeldhura), 4 - 10 District ( Dang, Pyuthan, Rolpa, Rukum, Salyan, Banke, Bardiya, Kailali, Aghakanchi, Kapilbastu ), Mahila Samudayik Laghubitta Bittiya Sanstha Limited, 10 District (Dang, Pyuthan, Rolpa, Rukum, Salyan, Banke, Bardiya, Kailali, Kapilbastu, Rupandehi), 10 District (Kaski, Tanahu, Lamjung, Gorkha, Syangja, Dhaging, Chitwan, Nawalparasi, Rupandehi, Palpa), Upakar Laghubitta Bittiya Sanstha Limited, Dhaulagiri Laghubitta Bittiya Sanstha Limited, CYC Nepal Laghubitta Bittiya Sanstha Limited, NESDO Samriddha Laghubitta Bittiya Sanstha, Swastik Laghubitta Bittiya Sanstha Limited, Garibi Nyunikaran Laghubitta Bittiya Sanstha, Shrijanshil Laghubitta Bittiya Sanstha Limited, Jiban Bikash Laghubitta Bittiya Sanstha Limited, Gharelu Laghubitta Bittiya Sanstha Limited, Janakpur Laghubitta Bittiya Sanstha Limited, Aatmanirbhar Laghubitta Bittiya Sanstha Limited, Shaligram Laghubitta Bittiya Sanstha Limited, Aviyan Laghubitta Bittiya Sanstha Limited, Deurali Laghubitta Bittiya Sanstha Limited, Nawa Kiran Laghubitta Bittiya Sanstha Limited, Khaptad Laghubitta Bittiya Sanstha Limited, To Disburse micro-credit, with or without any movable or immovable property as the collateral or security, for operating any micro-enterprise prescribed by the. 1) The paid up capital of a public company shall be a minimum of ten million rupees, except as otherwise provided in the prevailing law or in a notification by the Government of Nepal in the Nepal Gazette that the paid up capital of any particular company shall be in excess of the said required minimum. August 18, 2022 | Investopaper Paid-up capital is the fund provided by the shareholders into the company since the establishment. Equity financing is represented by paid-up capital. NBL's authorized capital was NPR 10 million & issued capital NPR 2.5 million of which paid-up capital was NPR 842,000 with 10 shareholders. Verify PayPal account in UAE with quickest and easiest way. Now, the company has been able to increase the capital disbursed by NRS 86.79 crore. Called-Up Share Capital vs. Paid-Up Share Capital: What's the Difference? exchange information or notices on debtors or customers who have obtained credit or any kind of facility from it and other banks or financial institutions with the Rastra Bank or any other bank or financial institutions. for well-known Purbanchal businesses. It offers Nari Bachat, Jestha Nagarik, Bal Bachat, Gurkha pension. Ariel Courage is an experienced editor, researcher, and former fact-checker. Get details such as Company Name, Incorporation Year, Paid Up Capital & more . [1] Class D: Micro Finance Financial Institutions [ edit] Micro finance financial institutions are rated as Class "D" banks by the Nepal Rastra Bank. At any point of time, paid-up capital will be less than or equal to authorised share capital and the Company cannot issue shares beyond the authorised share capital of the Company. The vision of the company is to become the countrys leading financial institution known for its expertise and services to provide you with superior financial solutions. It offers services such as Home saving, Saving Griha Laxmi, Senior citizen shaving, shareholder Savings, Child Savings, General Savings, Sadharan Bachat, Super Savings, NRN Savings, Call Deposit, Recurring Savings, Personal Savings / Talab Bachat Khata, Fixed Deposit. Paid-up capital refers to the amount that has been paid-up on shares that have been issued by the company. The branches are located in Pokhara, Butwal, Kathmandu, Birgunj, Nepalgunj, Itahari and Jhapa. The main reason behind this initiative is to enable the poor and deprived community to access banking services. So, if you have 100 shares of the company on its book closure day, the company will pay you 10 shares. They are educating people about what banking is and how they can obtain banking facilities and improve their standard of living. Let us assume this to be $1. 6. This financial company has 8 branches (including the central office branch) within the Kathmandu Valley. Other branches are located in Pokhara, Banepa, Sabaila (Dhanusha), Chhireshwarnath (Dhanusa), (Malangwa) Sarlahi and (Patan Sundhara) Lalitpur. Guheswori Merchant banking and finance Ltd offers the services which are mobile banking, remittances, NCHL service, secure deposit box, C-ASBA, main facilities, electronic banking. It was established in March, 1998. The Board of Directors meeting held today said that increasing the paid-up capital will increase the overall net worth, increase the risk-bearing capacity of the company and create a conducive environment for the company to merge with each other. It began its operations from April 14, 1997 upon obtaining the operating license of the Nepal Rastra Bank. A statement issued by the executive director of the committee, Rajaraman Poudel, states that the company has to submit its decision on the capital plan to the committee within 30 days. This value is listed as common stock on the shareholder equity section of the company's balance sheet. 18. Submit relevant form to MCA. It provides the fixed deposit service and the savings deposit service. The company were promoted by renowned entrepreneurs, industrialists and professionals with high experience and qualifications in their respective fields. . Companies seek equity financing from investors to finance short or long-term needs by selling an ownership stake in the form of shares. In the said letter, it is said to pay the remaining amount after deducting the transfer fee of 5 lakh 60 thousand rupees. David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning. Read Also: Name list of All the Class A Commercial bank in Nepal. Law of 1964. Paid-up capital is money that a company receives from selling stock directly to investors. It has been able to maintain sufficient liquidity ratios. Nepal Agro Microfinance Bittiya Sastha Ltd. 4-10 District Level (Kaski, Parbat, Baglung, Gulmi, Pyuthan, Rolpa, Tanahun, Salyan, Palpa, Lamjung). In 2002, Nepalese Investors bought all shares of French Company that amounted to 50%, and accordingly name was also changed to Nepal Investment Bank. Conventionally, financial institutions are made up of organizations such as banks, trust companies, insurance companies, and investment agents. Paid-Up-Capital or PUC is a concept under the federal Income Tax Act (ITA). 2) Notwithstanding anything contained in . Gulftips is the website that provides information about internet marketing, bringing you the unbiased review of the companies and their websites. top 10 universities in dubai with world class education. It is also successful in providing regular dividends to the shareholder. 1. At the same time, it will be a large bank with a paid-up capital of Rs 25 billion. Sahakarya Laghubitta Bittiya Sanstha Ltd. 4-10 District Level (Sarlahi,Rautahat,Mahottari,Udayapur, Sindhuli,Ramechhap,Dolakha,Okhaldh unga,Khotang,Solukhubu). Par Value Stock vs. No-Par Value Stock: What's the Difference? Legal Support by Quotes. The Company has been authorized by Nepal Rastra Bank as a class C financial institution to carry out financial services and commercial banking activities in the country. The Company has made a reinsurance arrangement with Nepal Re-Insurance Co.Ltd. Nepal Investment Bank (previously known as Nepal Indosuez Bank Ltd.) was established as a joint venture between Nepalese and Credit Agricole Indosuez. With the vision of providing the best financial services for success, Goodwill Finance Limited started its operation as a financial institution under the license of the Nepal Rastra Bank in 1995. It provides the personal loan, the educational loan, the commercial loan, the home loan, the stock loan, the rental purchase loan and the private sector loan. When a company wants to raise equity, it cannot simply sell off pieces of the company to the highest bidder. Now the company has been able to increase the paid-in capital amounted to Rs. SIFCO has itself achieved a niche position in Nepals financial sector, while firmly adhering to a policy of prudence and caution, the company has been at the forefront of introducing various innovative products and services. The interest rate of the savings scheme varies from 6.5% to 8%. know the best cryptocurrency exchanges, How To Obtain Long-Term Residency In The UAE | Company Setup - Dubai Business Advisors. According to it, the commercial banks must maintain the regulatory minimum paid-up capital and then the minimum paid-up capital required under BASEL adjusting the risk exposure of the assets. As of mid-July 2018, MPFL had a market share of approximately 0.30% of deposits and 0.34% in terms of the industry credit portfolio of Nepalese financial companies. Established under the Financial Company act 2042, in 2051BS commenced its operation as a financial organization under the license from Nepal Rastra Bank. Names Operation Date (A.D.) Head Office Paid up Capital (Rs. It is one of the oldest financial companies in Nepal with 32 historical years. The head office is in the Omkar Second Floor building, Naya Baneshwor, Kathmandu. Any amount that investors pay for the stock above $1 represents the additional paid-up capital or paid-up capital in excess of par. On the balance sheet, the par value of issued shares is listed as common stock or preferred stock under the shareholder equity section. The below table displays the list of microfinance in Nepal till April 2020. Swabhiman Laghubitta Bittiya Sanstha Ltd. 4-10 Dostroct Level ( Rupendehi, Gulmi, Rolpa, Salyan, Syangja, Palpa, Arghakhachi, Nawalparasi, Kabilbastu, Pyuthan), 4-10 District Level (Kaski, Baglung, Myagdi, Lamjung, Tanahu, Nawalparasi, Parbat, Gulmi, Arghakhachi, Gorkha). It is a limited company established under the Financial Companies Act 2042, in 2051 BS. The Bank and Financial Institution Act, 2073 classifies Banks and Financial Institutions into A, B, C, and D classes. The current paid-up capital of NEPSE is NRs. While these two are related concepts, they are not the same. For additional paid-up capital, subtract the issued share price from the par value . The share capital of the finance company comprises 51% of the promoters and 49% of the public. It is a class C licensed financial institution under the Nepal Rastra Bank 2062 311 Act. The government of Nepal promoted microfinance companies by providing subsidized loans, not much legal hindrance for registration, and no paid-up capital requirement. Srijana Finance Limited was established on 26 Mangsir 2057 with the aim of providing competitive and modern banking services in the financial sector in Nepal. The branches outside the valley are Bhairahwa, Butwal, Chitwan, Syanja, Kapilbastu, Banepa. The insitution offer different savings schemes to choose from. The headquarters of this organization is located in Hetauda-1, Makwanpur as well branches are located in Kathmandu Putalistak and Nepalgunj Road, Amarpath Butwal. Shree Investment & Finance offers fixed and savings accounts, commercial finance, personal home loans, real estate loans, purchase of residential / flat buildings, construction of residential / apartment buildings, construction of commercial complexes, purchase of residential land / planning and development of land, rental purchase, educational loan, loan against stocks and bonds, government bonds, short-term financing for working capital, private sector, foreign employment, bridge financing, consortium financing, non-fund limits (issuance of guarantees), money transfer, ECC Service, SMS Alert Service, CASBA. The micro-finance financial institutions shall maintain the following minimum paid-up capital. personal loan in UAE 3000 salary possible? Its extension counters are located in Tinkune (Kathmandu), Lagankhel, Pulchowk (Lalitpur), Thimi (Bhaktapur). Due to the new paid-up capital requirement of NRs.2.5 Arba (NRs. 70%. When made public on Shrawan 28, 2064, they issued 120,000 shares for the initial public offering. The total is listed in the company's balance sheet. The company has started its service from the paid capital Rs. Your email address will not be published. The amount of capital that the company has received as payment over the shares it has sold to its shareholders is known as the paid up share capital of the company. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. Finance company operating at National level and regional level require paid up capital base of NRs. As foreseen by the declared mission, Central Finance Limited [CFL] has been actively participating to meet the demand for short, medium and long-term financing for the industrial, commercial, agricultural, services, tourism and infrastructure sectors and other services to the offer various banking services. Janaki Finance Company Limited was established in 2052 B.S. Naya Nepal Laghubitta Bittiya Sanstha Ltd. 4-10 District Level (Kavre, Ramechhap, Sindhuli, Mahottari, Dhanusa, Siraha, Saptari, Sunsari, Morang, Jhapa), 10+5 District Level (Sindhuli, Mahottari, Dhanusa, Siraha, Sarlahi, Saptari, Rautahat, Udaypur, Bara, Ramechhap,Sindhupalchowk,Kavrepal anchowk,Nuwakot,Dolakha,Okhaldhun, 10+5 District Level (Jhapa, Morang, Sunsari, Taplejung, Ilam, Panchthar, Udayapur, Saptari, Siraha, Dhankuta, Bhojpur, Sankhuwasava, Solukhumbhu,Okhaldhunga,Khotang). 0%. It is promoted by prominent entrepreneurs from Nepal. SARC (South Asian Regional Cooperation) countries share a similar challenge where most of the countrys population lives under the poverty line and they are out of the financial services. I want to support young people for a happy and successful career.