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Tuesday, May 7, 2019

NMB Bank signs agreement

KATHMANDU: NMB Bank has signed a tripartite agreement with National Youth Council and Returnee Migrant Nepal with an objective to promote youth entrepreneurship and to provide subsidised loans to returnee migrants in predominant sectors — agriculture, tourism, forestry, medicinal herbs, minerals, hydro and science and technology.

The terms of the MoU dictate that in accordance with the Integrated Working Procedure for Subsidised Credit 2018, subsidised loans of up to Rs one million shall be availed to eligible returnee migrants in coordination of Nepal Youth Council upon recommendation of Returnee Migrant Nepal, as per a press release.

from Business – The Himalayan Times http://bit.ly/2VS5p12

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