September 24: Aadhyanta Fund Management Limited, a Nepal-based fund mobilization platform, wrapped up its inaugural Aadhyanta Accelerator Program recently in Biratnagar, highlighting the high-growth potential of Koshi Province's Agri SMEs.

The eight-month program organised in collaboration with Sahaj-NAMDP, FNCCI Koshi Province, and the Provincial Investment Authority, zeroed in on empowering agricultural enterprises, priming them for scalability and drawing investors.

Issuing a statement, the fund management company said that the initiative actively envisions amplifying the entrepreneurship in Koshi Province, and to expedite economic activities as well as to promote pioneering and innovation.

According to the statement, 10 enterprises emerged investment-ready at the culmination of the accelerator program.

Significant investors, including Global Equity Fund, NIMB Ace Capital Limited, Himalayan Capital Limited, Reliable Ventures Limited, and Aadhyanta Fund Management, expressed interest in five enterprises, signaling commitments to the tune of Rs 200 million, reads the statement.

Beneficiaries of this financial pact include Birat Group, Khetipati Organics, Agri Center Jhapa, Raktakali Tea Estate, and Dibyadristi Veneration and Agro.

Rajendra Raut, executive member of FNCCI and President of FNCCI Koshi Province, chaired the momentous gathering. The event was attended by Chief Minister of Koshi Province, Hikmat Karki, Mayor of Biratnagar Metropolitan City Nagesh Koirlaa, and distinguished personalities including Reema Shrestha, Dr Saroj Koirala, among others.

Commenting on the day's significance, Manoj Paudel of Aadhyanta shed light on the transformational potential of the alternative finance industry for the Nepali economy, positioning it as a robust counterweight to political uncertainties impacting economic stability.