RBBl Sign Agreement With Deposit and Credit Guarantee Fund on Agricultural Loan Guarantee
Summary
Rastriya Banijya Bank Limited and the Deposit and Credit Guarantee Fund have signed an agreement to launch an individual agricultural credit guarantee scheme. The two-year scheme will support agricultural loans in nine local levels across Kavrepalanchok, Jumla, Surkhet, Bajura and Kailali.
Key Points
- Rastriya Banijya Bank Limited and the Deposit and Credit Guarantee Fund signed an agreement to launch an individual agricultural credit guarantee scheme.
- The scheme will provide agricultural loans in nine local levels across Kavrepalanchok, Jumla, Surkhet, Bajura and Kailali for two years.
- Each local level can receive up to Rs 8 crore in investment, while borrowers can access loans from Rs 250,000 to Rs 3 crore.
- A Rs 30 crore guarantee fund will be created with contributions from the Fund, participating local levels and the UN Joint SDG Fund.
