January 12: Laxmi Bank has signed a MOU with Thulung Dudhkoshi Rural Municipality of Solukhumbu to extend concessional loans at subsidized rates to various entrepreneurs, firms, companies, as well as cooperatives under recommendation and facilitation of the rural municipality. 

 Dipesh Amatya, chief of the Retail Financial Services of Laxmi Bank, and chairperson of the rural municipality Ashim Rai signed the agreement on behalf of their respective organisations amid a recent function. 

Ajaya Bikram Shah, CEO of Laxmi Bank, expressed the bank’s readiness to finance enterprising activities in various potential sectors of the rural municipality like agriculture, tourism, hospitality, reads a statement issued by the bank.

The agreement is expected to promote entrepreneurship and self-employment to ultimately help create economically self-dependent rural municipality, the statement added.