According to experts, microfinance is raising hope at the level of small farmers
Kathmandu. Stakeholders have emphasized on the need to strengthen microfinance to facilitate the financial sector of Nepal. Sana Kisan Development Lagufinance Financial Institution Ltd. The speakers who spoke in the interaction program on the problems and challenges of microfinance organized by
Speaking at the program, former executive director of Rashtrabank and economist Dr. Gunakar Bhatt stressed that the problems seen in the microfinance sector should be found through common efforts and initiatives. He recalled that there are not only problems in the microfinance sector, but also a lot of potential, and he expressed his belief that the contribution of microfinance will be important in making the economy sustainable. Bhatt said that it is not possible to say that the entire microfinance sector has become a problem just because there is a problem in some microfinance.
Bhatt suggested that the microfinance sector should share its issues with the government, regulatory bodies and stakeholders, saying that the problem is the same as the solution.
It is necessary to reach the local level. People here will think about this campaign. Tell others. Explaining to others. Therefore, prepare for policy advocacy and move forward. Raise the issue for common purpose and common benefit.
Welcoming everyone present at the program, the chief executive officer of Sana Kisan Bikash Microfinance Financial Institution Vasu Adhikari said that this program was planned to inform the leaders of the microfinance sector about the policies, methods and amended laws of regulatory bodies. He said that a bilateral discussion was held with the participation of the heads of more than 35 microfinance financial institutions across the country with the goal of informing the entire microfinance sector about the recent changes in the law.
Express
Related News
New interest rates of commercial banks for the month of November announced, who reduced how much?
Kathmandu. Commercial banks have published new interest rates for the month of November. According to the published information, 10 out of 20 commercial banks have reduced the maximum interest rate of personal term dep...
The price of gold is making a new record day by day, how much per tola on Wednesday?
Kathmandu. Today, the price of gold in the Nepali market has become the highest ever. Today, the price of gold has increased by 1,500 rupees per tola and has become the highest in history. According to the Nepal Gold and Silver Traders Federation,...
Public debt reached 58 trillion
Kathmandu. The share of public debt in GDP has reached 47.13 percent. As the government took 28 trillion 78 billion rupees in public debt till the end of February of the current financial year, its ratio to GDP has increased. According to the Publ...
IPO of Super Khudi Hydro worth 1 lakh 28 thousand is open from February 5
Kathmandu. Super Khudi Hydropower Limited is going to issue an IPO for the general public from Monday 5th February to Sunday 10th February. Earlier, it was said that the issue would be opened from February 4th, but the said date has been shifted o...
NMB Bank launches 'EV Auto Loan' at 0.5% for new electric vehicles
Kathmandu. NMB Bank Limited has introduced loan facilities for new electric vehicles at a special interest rate starting from 0.5%, targeting the Naima Auto Expo. With the objective of promoting environment friendly transportation and sustai...
Foreign currency exchange rate: How much is the rupee of which country?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the rates determined by the Central Bank for today, the buying rate of one US dollar has reached 154 rupees 21 paisa and the selling...



