Kathmandu. Progressive Finance's new deposit scheme on Arogya Savings Account . The new deposit scheme is aimed at minimizing the risk of the current corona virus epidemic.

Accordingly, insurance facility of up to Rs. 1 lakh will be provided based on the minimum balance of the account opened by the customers. In addition, customers who open an account with a minimum balance of Rs 50,000 will be able to benefit from the Covid 19 insurance facility equal to Rs 100,000.

The insurance facility will also be available to the customers of Prashant Savings Account of the organization. According to the 'Open a Muddati of Rs 1 lakh, get Corona insurance facility of Rs 1 lakh', the Covid-19 insurance facility of Rs 1 lakh will also be provided to the customer who opens a minimum one year Muddati account of Rs 1 lakh or more.

Up to 2 percent discount on Progressive Finance loan interest rate

Kathmandu. Progressive Finance Limited has given a discount of up to 2 percent on the interest rate of the loan till mid-August 2077 BS to all its customers who are using the loan facility. In view of the slowdown in the global economy due to the epidemic of Covid 19 and the economic crisis in Nepal, the interest rate has been reduced by 2 percent to provide some relief to the general public.

 Chief Executive Officer Vishal Humagain said that the move by the financial institution was an attempt to contribute to the weakening of the country's economy and expressed commitment to act more responsibly in the days to come.