Development banks to provide soft loan to small and middle-scale enterprises « Khabarhub
Friday, June 14th, 2024

Development banks to provide soft loan to small and middle-scale enterprises

05 April 2021  

Time taken to read : 2 Minute

  • A
  • A
  • A

KATHMANDU: The Federation of Nepalese Chamber of Commerce and Industry (FNCCI) and Development Bankers’ Association Nepal on Sunday signed a memorandum of understanding (MoU) with an objective of facilitating the flow of services including concessional loan to micro, small and cottage industries.

FNCCI Vice-President Dinesh Shrestha and Chairperson of Development Bankers’ Association Nepal Govinda Prasad Dhakal signed the deal in presence of FNCCI President Shekhar Golchha, Senior Vice-President Chandra Prasad Dhakal, Vice-President Anjan Shrestha and Vice-Chairperson of Association Pradyman Pokharel.

As per the understanding, the member development banks of the Association would facilitate to provide loans as per the demand of micro, small and cottage industries and medium-sized enterprises. Similarly, it would be facilitated to develop the capacity to choose and use financial services as well as to impart knowledge and skills to prepare plan for future risk.

On the occasion, FNCCI Vice-President Shrestha expressed the belief that this initiative would help address the challenges faced by the small and middle-sized enterprises, especially in loan access.

Chairperson of Association Dhakal shared that the understanding was signed with an objective of felicitating in flow of services including financial loan for the protection and development of small and cottage industries as well as small and middle-scale enterprises.


Publish Date : 05 April 2021 07:04 AM

Today’s national news in a nutshell

Khabarhub brings you a glimpse of major developments of the

Eight proposals to slash Appropriation Bill expenditure presented in HoR

KATHMANDU: Eight proposals aimed at reducing expenses in the Appropriation

Nepal reaffirms commitment to social justice, says President Paudel

KATHMANDU: President Ramchandra Paudel emphasized that Nepal’s constitution fully embraces

National ID Card mandatory for social security allowance

KATHMANDU: The government has decided to make the national identity

Nepal exports handicrafts worth Rs 3.26 billion in past 10 months

KATHMANDU: Over the past ten and a half months, Nepal