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

March 5, 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 the objective of facilitating the flow of services including a 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 loans as per the demand of micro, small and cottage industries and medium-sized enterprises.