4th January 2020, Kathmandu
Do you want to be an entrepreneur? Now the business strategy from the app.
To build employment opportunities for young entrepreneurs, banks offer concessional loans under different headings. To make educated unemployed youth self-employed, the government has also made arrangements to provide loans on educational certificates’ security.
However, the entrepreneurial loans available at low-interest rates have not been put to good use. According to Nepal Rastra Bank, 68 educated youth have taken self-employment loans by the end of Kartik of the current fiscal year.
In the year 2075, the Government had made provisions for granting concessional loans under different headings to those wishing to become entrepreneurs.
And as banks are seeking to provide concessional loans, not much has been invested. While agricultural and women’s entrepreneurial loans have been reasonably good investments, concessional loans from other sectors have not gone well.
The president of the Bankers’ Association, Bhuvan Dahal, blames one of the main reasons for the lack of a business plan. Rastriya Banijya Bank Chief Executive Officer Kiran Kumar Shrestha said the same thing. He added, “It’s not just that we need loans; banks don’t trust us without a good business plan.”
Now it is easy to make a business plan. For this reason, NEEDS Nepal has developed an app named ‘Biz सुत्र lite.’ NEEDS chairman Sagun Pudasaini, who has been providing services related to small and medium-sized companies, says he brought the app after seeing the business plan’s urgency.
The business plan will be ready in no time:
According to him, this app will be beneficial for those who want to start a company but are uncertain about creating a business plan. By downloading this app from the Play Store on your device, the business plan is ready in half an hour or two hours after you offer details about the business plan you want to make.
Pudasaini says, “After the entrepreneur himself enters the statistical information of the new business or the business he is operating in the app, the business plan is automatically formed from the analysis of the same.”
According to him, the business plan covers management aspects of the business, market planning, financial analysis-profit and loss statement, cost per unit, return on investment, crosspoint, return on investment, necessary start-up capital, cash flow of the business), strengths of the business, opportunities, and challenges will be included here.
Pudasaini stated that the mobile app was simple to use as it was developed in the Nepali language, developed with business plan experts’ participation and that dozens of entrepreneurs liked it.
