Crowdfunding Prospects in Nepal

Abstract

Graduation of Nepal from Least Developed Country LDC by achieving remaining criteria of Gross National Income GNI per capita threshold of US 1230 from the status of US 1 196 is urging for huge investments in Nepal The study helps to analyze the potentiality of crowd funding in Nepal with the due consideration of its financial development technological advancement and regulatory requirements legislations Government of Nepal and Nepal Rastra Bank are contributing towards Digital Nepal under the Digital Nepal Framework-2019 The conglomeration of Financial Technology FIN-Tech and Information and Communication Technology ICT in Nepalese financial system is facilitating the implementation of crowdfunding Similarly the study reveals that crowdfunding has potentiality of becoming the pillar of alternative finance source in Nepal However lack of regulatory guidances is the major barrier for the establishment operation and growth of crowdfunding which requires a rigorous study on it scope viability and regulation