NRB and Rastriya Banijya Bank Sign MoU to Operate Revolving Fund under SEDRA Project
Summary
Nepal Rastra Bank and Rastriya Banijya Bank signed an MoU to operate a Revolving Fund under the SEDRA project to promote SMEs and financial access in rural and semi-urban areas.
Key Points
- Nepal Rastra Bank and Rastriya Banijya Bank signed a Memorandum of Understanding to operate a Revolving Fund under the SEDRA project.
- The Revolving Fund is financially supported by the German Development Bank (KfW).
- The fund aims to expand financial access and promote small and medium enterprises (SMEs) in rural and semi-urban regions of Nepal.
- Rastriya Banijya Bank serves over 4.7 million customers through a vast network including branches, ATMs, and branchless banking units across all 77 districts of Nepal.
