Kathmandu. An agreement has been reached between NMB Bank and Sipradi Trading to provide concessional loans. A Memorandum of Understanding (MoU) has been signed with the objective of promoting sustainable development of self-employed businesses and smooth implementation of concessional loans.

The MoU was signed by Chief Trade and Strategy Officer Sudesh Upadhyaya on behalf of NMB Bank and Vice President Shaurabh Raj Thapaliya on behalf of Sipradi Trading at a press conference held at NMB Bank.

Under this, the other side will identify potential entrepreneurs by targeting concessional loans such as women entrepreneurial loans, youths returning from foreign employment and doing the same venture, Dalit and backward communities, educational unemployed youth.

In addition, NMB Bank aims to facilitate the provision of vehicle purchase loans to the qualified entrepreneurs and institutions within the working procedures of Nepal Rastra Bank.