Muktinath Bikas Bank Limited Partners With Nagarjun Municipality For Concessional Loans
31st July 2026, Kathmandu
Muktinath Bikas Bank Limited and Nagarjun Municipality have entered into a partnership agreement to provide collateral-free concessional financing to local entrepreneurs.
Muktinath Bank Concessional Loans
The initiative aims to boost agriculture, tourism, small and medium-sized enterprises (SMEs), and women entrepreneurship within the municipality.
Qualified local entrepreneurs recommended by Nagarjun Municipality can access collateral-free loans of up to Rs. 200,000 depending on their business needs.
Under the municipality’s Concessional Interest Subsidy Procedure, 2080, eligible borrowers will receive a 100% interest subsidy.
Advertisement
This full subsidy renders the business financing effectively interest-free for local applicants.
Signing Representatives And Implementation Goals
The memorandum of understanding (MoU) was signed by representatives from both entities:
- Bank Representative: Tejal Bahadur Giri, Head of the Agriculture and Inclusive Investment Department at Muktinath Bikas Bank.
- Municipal Representative: Sushila Adhikari, Acting Mayor of Nagarjun Municipality.
Impact On Local Economic Development
Muktinath Bikas Bank expressed its commitment to advancing financial inclusion and grassroots entrepreneurship across Nepal.
The collaboration focuses on key economic objectives:
- Financial Access: Lowering barriers to entry for small businesses via collateral-free credit.
- Employment Generation: Encouraging grassroots business expansion to create local jobs.
- Sustainable Growth: Strengthening economic activity across rural and semi-urban sectors within Nagarjun Municipality.
For More: Muktinath Bank Concessional Loans
