The agreement, finalized by the Bank’s Deputy Chief Executive Officer Samir Shekhar Bajracharya and Federation President Umesh Prasad Singh, is designed to support economic development and improve financial education in the region.

Under this new collaboration, Muktinath Bikas Bank will offer loans to businesses affiliated with the federation through a simplified and accessible process. These loans will come with affordable interest rates, tailored to the specific needs and potential of each business. This initiative aims to make financial support more attainable for small and domestic industrialists, fostering growth and development within the sector.

In addition to providing financial assistance, the bank will also focus on promoting financial and business literacy. This effort is intended to equip entrepreneurs with the knowledge and skills needed to manage their businesses effectively and achieve long-term success.

Federation President Umesh Prasad Singh expressed his optimism about the partnership, noting that the streamlined loan process and support for professional education will greatly benefit industrialists. He believes this agreement will facilitate easier access to financial resources and contribute positively to the business environment.

Muktinath Bikas Bank has also introduced its Muktinath Simple Loan Schemes, which encourage small businesses with the slogan “Easy to Survive in Nepal.” This initiative reflects the bank’s commitment to supporting small enterprises and contributing to their sustainability and success.

The new agreement and loan schemes represent a significant step forward in supporting Nepal’s small and domestic industries, providing them with essential resources and opportunities for growth.