Kathmandu. Rastriya Banijya Bank and Sipradi Trading have signed two separate agreements on concessional and car loan investments.

The agreement has been signed by Kiran Kumar Shrestha, Chief Executive Officer of the Bank and Rajan Babu Shrestha, Chief Executive Officer of Sipradi Trading.

The first agreement is about concessional loan investment. Following the agreement, Sipradi Trading will provide necessary training at its training center to the entrepreneurs who want to do business by purchasing Tata company's commercial vehicles and will recommend the trained person to the bank for a loan.

The Bank will provide concessional loans to the same entrepreneurs as per the rules under the Unified Procedure on Interest Subsidy, 2075 (including amendments).

The second agreement is related to private and commercial vehicle loan investment. Following the agreement, the bank will provide loans to customers who wish to purchase Tata's private and commercial vehicles through Sipradi Trading as per the rules.