KATHMANDU: The SAARC Development Fund (SDF) is launching its Micro, Small and Medium Enterprise (MSME) funding scheme in Nepal.

The MSME funding scheme comes under the Economic Funding Window of SDF. The fund has earmarked an amount of $10 million to be disbursed under the MSME funding scheme in Nepal.

The MSME loan will be extended to MSME specialised banks in Nepal. The MSME funding scheme is expected to boost job creation, raise income and increase investments in human capital in Nepal.

The MSME funding will be used to fund export-oriented clusters in Nepal to promote economic integration and regional cooperation.