20th January 2025, Kathmandu
Agriculture Development Bank (ADB) Nepal has completed 57 years of dedicated service to farmers and rural communities.
ADB Nepal 58 Years Farmer Finance
As it steps into its 58th year, the bank reflects on its long-standing commitment to fostering agricultural growth and rural development in Nepal.
Foundation Built on Agricultural Growth
Founded on January 16, 1968, with the vision of boosting rural development through agriculture and livestock, ADB has always focused on meeting the needs of farmers. During its early years, the bank introduced initiatives like the Small Farmers’ Development Program in 1976, aimed at increasing economic activity in rural areas. Its approach also included promoting livestock farming, including buffalo and goat rearing, in areas where banking services were non-existent.
Expanding Operations and Modernizing Services
By the 1980s, ADB began expanding its operations. The bank started offering commercial banking services and establishing branches in rural areas. This allowed it to directly contribute to the economic growth of local farmers. In 2005, ADB upgraded its operations by acquiring Class A commercial banking status, modernizing its services to meet the evolving needs of its clientele.
CEO’s Commitment to Remote Farmers
CEO Govinda Gurung emphasized ADB’s focus on providing financial services to remote farmers. Despite the rise of modern banking systems, ADB has continued its commitment to supporting agricultural investments without compromising on rural accessibility. The bank actively works to ensure that it offers favorable loan options to farmers, enhancing their ability to grow their businesses and livelihoods.
A Strong Focus on Sustainable Financial Practices
ADB is not just about providing loans; it aims to build sustainable financial models that benefit farmers and the wider economy. The bank operates across all 77 districts of Nepal, ensuring a robust presence in both urban and rural communities. It also offers services like ADBL Remittance to help channel remittances from abroad into agricultural growth, which helps uplift farmers financially.
Proud of Its Achievements, Looking Ahead
On the occasion of its 58th anniversary, Chairman Ram Sharan Pudasaini reaffirmed the bank’s commitment to service excellence. “We will continue to enhance our services, ensuring they remain secure, reliable, and accessible,” he said. Pudasaini also noted that the bank would focus on leveraging modern technology to improve service quality for both farmers and urban clients.
Expanding Digital Reach for Greater Customer Satisfaction
CEO Gurung reiterated that ADB is working to expand its digital banking services to cater to modern consumer needs. By embracing digital channels, the bank aims to increase customer satisfaction and grow its presence in the market. With a focus on future growth, ADB is committed to ensuring that it remains a market leader in agricultural finance and rural development.
Government Recognition and Support
Prime Minister KP Sharma Oli acknowledged the bank’s role in raising financial awareness among disadvantaged groups. He expressed confidence that ADB would continue to drive the modernization and diversification of Nepal’s agricultural sector, contributing significantly to economic growth.
Finance Minister’s Vision for ADB
In a message marking the bank’s 58th anniversary, Deputy Prime Minister and Finance Minister Bishnu Poudel highlighted ADB’s leadership role in expanding financial access. Poudel emphasized that the bank must continue promoting green growth and supporting the financial needs of small agricultural enterprises through affordable credit and innovative digital services.
Moving Toward a Sustainable Future
Looking ahead, the Agriculture Development Bank is poised to continue playing a vital role in Nepal’s agricultural development. By maintaining its focus on supporting farmers with necessary financial tools, embracing digital banking, and promoting sustainable practices, the bank is dedicated to contributing to Nepal’s overall economic prosperity. As it enters its 58th year, the bank remains an integral part of the agricultural finance landscape in Nepal.
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