Muktinath Development Bank and Transportation Entrepreneurs Federation Nepal Sign Agreement
Summary
Muktinath Development Bank and Transportation Entrepreneurs Federation Nepal have signed an agreement to provide concessional business loans for vehicle purchases and transport-related operations. The bank has also launched special low-interest loan offers for auto, agriculture and other loans.
Key Points
- Muktinath Development Bank and Transportation Entrepreneurs Federation Nepal signed an understanding paper in Kathmandu.
- The agreement will provide concessional loans through the bank’s 176 branches for members to buy vehicles and run transport-related businesses.
- The collaboration is aimed at improving access to financial services and supporting expansion of transportation services.
- The bank has also introduced special low-interest offers for auto loans, agriculture loans and other lending products.
