Kathmandu – Nepal’s leading commercial bank, Nabil Bank and R&D Innovative Solution Pvt. Ltd. (R&D) have collaborated to lend in agriculture and livestock sector to fulfill the financial needs for agro related business along with the interest subsidized loan as per NRB Guidelines.
Under this strategic partnership, the bank agrees to be a supportive bank in fostering agriculture and livestock in Nepal. Further, R&D supports agricultural technician by providing linkage with the Bank.
Mr. Niraj Kumar Basnet (Danil), Head-SME & MF Division, Nabil Bank and Ms. Sunita Nhemaphuki, Chairperson, R&D, Kathmandu signed the agreement in the presence of Mr. Manoj Kumar Yadav, Manager- Microfinance Division, Nabil Bank & Ms. Sushma Sharma, former Banker & Women Entrepreneur.
Speaking about the partnership, Mr. Niraj Kumar Basnet (Danil) said, “Nabil Bank has always given priority to Sustainable Banking & believes that lending to agriculture sector shall help the sustainable growth of the agri-business which is one of the major contributor of Nepalese GDP. We are very excited to collaborate with R&D to provide various types of banking facilities including agriculture and livestock loans as per the requirements of Agricultural Technician enabling them to become successful Agri-Entrepreneur and contribute to the economic development of the country. With this partnership, Nabil Bank has started an innovation in traditional financing with fusion of technical knowledge with entrepreneurship development in Agriculture sector. We believe that this initiative shall grow in larger scale and change the financing pattern of Nepalese Banking arena in the longer run”.
Likewise, Ms. Sunita Nhemhafuki said “One of the main problems of Nepal’s agricultural sector is the inability to run agribusiness or enterprises because of the study of agriculture. Therefore, Nabil Bank and R&D have been instrumental in creating an environment conducive to entrepreneurship by providing easy access to loans to those who have studied agriculture.”