Startup Loan 2083: Shortlisted? Here's How to Actually Get the Loan

Being shortlisted by IEDI doesn’t mean the loan is yours yet. Here's exactly which RBB branch to visit, what to bring, and the deadline that could freeze your funds. 

IEDI has officially published the list of startups recommended for the Startup Enterprise Loan 2082/83. If your startup has been recommended, this is not the stage to relax. You need to hurry up if you want this loan to land into your hands. Which is why in this piece, we will guide you through everything from where you need to go, what you need and everything you need to be careful about. 

The only bank that’s authorized to disburse this loan is the Rastriya Banijya Bank. But you can't walk into just any RBB branch because each shortlisted business has been assigned a specific one. So step one, before anything else, is finding out which branch is yours. 

Step 1: Check Which Bank Branch Is Assigned to You

Here’s exactly how you can find out which RBB branch to contact:

Steps:

1. Go to iedi.gov.np/notices.
2. Find the latest notice titled "स्टार्टअप उद्यम कर्जा २०८२ का लागि सिफारिस भएका परियोजनाहरुले सम्पर्क गर्नुपर्ने राष्ट्रिय वाणिज्य बैङ्क लि. का शाखा कार्यालयहरु तोकिएको बारे". OR click here to access the full document. This is where you'll confirm whether your startup made the shortlist and see which branch has been assigned to you. 
3. Locate your registration number; the one IEDI gave you at the time of application.
4. Check the far-right column of the table next to your registration number. That's your designated RBB branch.

Your assigned bank branch is the only place you can process your loan. 

Now that you know your designated branch, the next step is to pay a visit. 

Step 2: Visit the Bank That Has Been Designated to You

Once you've identified your branch, visit it in person with the documents specified in that same notice. 

Here’s the list of documents that you will need to carry with you:

(a) Original certificate of Business Registration and Renewal.

(b) Original certificate of PAN/VAT Registration.

(c) Original certificate of the entrepreneur's Citizenship.

(d) Tax Clearance Certificate for Fiscal Year 2081/82.

(e) Passport-size photographs (3 copies) of the authorized person.

(f) Business seal (official stamp).

(g) If the project is being operated on a lease/rental basis, a copy of the lease/rental    agreement, along with any permit/license required from other relevant authorities according to the nature of the business.

Above all things, you need to prioritize these two things on the visit: 

1. Open a business bank account at RBB, if you don't already have one. The loan can only be disbursed into an RBB account. No exceptions on this one. 
2. Bring every document listed in the notice. Missing even one can stall or disqualify your disbursement.

Now that you know exactly what you need to do, let’s talk briefly about how the disbursement process works and why you really can’t afford to wait for even a second. 

How Disbursement Works & Why You Should Hurry Up

If you didn’t know this, the back is required to disburse the entire loan amount before the end of FY 2082/83. Once the fiscal year closes, any undisbursed funds are frozen. Not delayed, but frozen. 

This means the process from your initial bank visit to receiving the money in your account has to be completed within the days remaining in this fiscal year (which is 9 days from now, as of Asadh 22, 2083). The bottom line is: you don’t have time to wait until you feel ready to go to the bank.

Warnings for Shortlisted Founders

Getting recommended for the loan is already hard enough, but even harder will be the next few days until the loan finally lands into your bank account. So pay attention to these: 

• Don't wait for a "convenient" time to visit the branch. The fiscal year deadline doesn't move for anyone.
• Incomplete documents will stall you, not the bank. If you show up without everything on the list, that delay is on you.
• No RBB account means no disbursement. If you don't already have one, opening it should be the first task on your visit.
• The bank is not responsible if you miss out. If you don't show up, don't have your documents ready, or don't have an RBB account in place, and the fiscal year closes before disbursement, the funds are gone. And that outcome falls on you, not the bank.

The recommendation letter is not the loan. Just making it to the loan shotlist does not mean you automatically get the loan. The loan is only real once it lands in your RBB account before the fiscal year ends. Whether that happens is entirely in your hands right now. So we suggest you treat this as your most urgent task, and not something to schedule around everything else.

Final Thoughts

Being shortlisted is only half the job. Getting the loan depends entirely on what you do next. So as soon as possible, find your assigned branch, prepare your documents, open your RBB account if you don't have one, and complete this before FY 2082/83 ends. There's no grace period after that. Good luck with the process!