Agreement between Mega Bank and IDE Nepal


13th May, 2022 | Tourism Mail Crew


KATHMANDU, May 13: Mega Bank has entered into an agreement with IDE Nepal with the objective of providing financial assistance through digital banking to promote agribusiness of small farmers.

The agreement has been signed by Mega Bank's Acting Chief Executive Officer Rabina Deshraj Shrestha and IDE Nepal's Nepal Chief Corey O'Hara.

Following the agreement with IDE Nepal, Mega Bank will provide small and medium loans to migrant workers and small and medium farmers returning from abroad on the recommendation of IDE Nepal to expand their business or start new ventures.

It has been stated that the concessional loan will be provided subject to the concessional interest subsidy loan guideline of Nepal Rastra Bank and the concessional interest subsidy loan procedure of the bank.

The Bank's Acting Chief Executive Officer Shrestha provided loans to small, home and small and medium enterprises to expand their business. She has expressed her commitment to provide fast service through the branch.

Sunita Nemafuki, Chief Executive Officer of IDE Nepal, Hara and R&D Innovative Solutions Pvt.

Under the agreement with IDE Nepal, Mega Bank aims to distribute Kisan Cards to 2500 farmers through its digital banking tool 'Mega Kisan Card'.