The Business Opportunity and Information Center of Bhutan has started accepting applications for loans from entrepreneurs, small businessmen, farmers and ordinary citizens with good business proposals. Of the Nu 1.9 billion allocated for this scheme, 1.5 billion will be for small and cottage industries with bigger projects having a maximum ceiling of Nu 8 million and smaller projects of up to Nu 2 million. The remaining 400 million is set aside for rural development and business, targeting farmers and the agricultural sector.
The BOIC website has been launched simultaneously and contains operational guidelines to access funds, brochures and application forms for the funds. The centre will also indentify viable business opportunities and offer them to the public. These could be commercial farms, livestock projects, brick manufacturing, furniture units, charcoal projects, agriculture, etc.