Ruslan Falgunanda gold cup will kick off from Poush 7 in Phidim, Panchthar.
Phidim sporting club is organizing the championship, which has a winning purse of Rs 3 lakhs. Runners up team will get Rs 2 lakhs.
The player of the match will get Rs 10,000 while MVP will get one motorbike.
According to president Bimal Kumar Shestha, the estimated budget of the event is Rs 38,60,000.
General secretary of the club Pasang Tamang said teams from Jhapa, Kathmandu, Taplejung, Morang will take part in the event.
The participating teams are Birta United Jhapa, Karna Singh Sonar club Taplejung, Morang XI, Sunsari XI, Rupandehi XI, Nepal APF, Himalayan Sherpa Club, Divine Wines BUC, Sikkim FC.
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