Nabil Bank Enters into an Agreement to Support the ‘National Dialogue on Agriculture Financing’

January 10, 2022 | Investopaper

Nabil Bank has entered into an agreement with its existing strategic business partner, R&D Innovative Solution Pvt. Ltd. (R&D) to support the upcoming Krishi Karja Mela, which is being organized for the first time in Nepal in concurrence with the 5th National Agriculture Machinery Exhibition. This event will be taking place at Chitwan Expo Centre, Narayangarh, Chitwan from 19 – 22 January 2022 with an objective to bring all the stakeholders of the agriculture ecosystem (farmers, entrepreneurs, Agri–input traders, technology providers, financial institutions &policy makers) in one place.

Under this agreement, Nabil Bank has collaborated with R&D for the ‘National Dialogue on Agriculture Financing’, which is one of the major attractions of the Mela that will facilitate an open and constructive discussion between financial institutions, policy-makers, farmers, and local governments. The discussion will be based on practical experiences which will foster a better understanding in resolving the agri-financing related issues.

Mr. Niraj Kumar Basnet (Danil), Head-SME & MF Division, Nabil Bank, and Ms. Sunita Nhemaphuki, Chairperson, R&D, Kathmandu have signed the agreement today.

Mr. Basnet (Danil) expressed the Bank’s excitement towards collaborating for the ‘National Dialogue on Agri Financing’, which will provide a platform to all stakeholders of agro-industry to discuss the loan application process & procedure of banking institutions, problems faced by farmers, gaps in policies, and views of regulators, which shall further add value in revising the policies required to meet the actual need of the real farmers, entrepreneurs and Agri–input traders.”

Likewise, Ms. Nhemhafuki said, “We believe that this collaboration with Nabil Bank will prove to be a milestone to extend financial access to all agriculture sectors. We are confident that this first of its kind mela will change the face of agriculture.”

Nabil Bank is operating with a wide network with 135 branches, 188 ATMs, and more than 1,500 Nabil Remit Agents spread across the country.

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