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Investment of Rs 530 million for farmers

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April 4: Sana Kishan Bikas Bank has invested Rs 530 million to uplift livelihood of farmers settled in 5 districts of Narayani zone. The bank has provided such support to rural farmer families by involving them into agricultural and livestock farming.

“Bank is operating this program for farmer families coordinating with 54 organisations in Makwanpur, Chitwan, Bara, Rautahat and Parsa districts,” says Ram Babu Singh, Senior Assistant of the bank. The bank has provided micro-loans of Rs 495.1 million, Rs 28 million in livestock loans and 5.9 million energy loans to the farmers till Mid-December. The bank has financed loans to 62,500 farmers.

“The bank is providing livestock loans and small farmer renewable energy loans at subsidised interest rates,” says Krishna Kumari Sharma, Area Manager of the bank. “We are also organizing programs on livestock protection and promotion along with small farmers social/community and infrastructure development programs.” Bank has been organising farmer focused programs in 93 VDCs of these districts to raise their livelihoods.

According to the bank, its activities were affected by the last year’s devastating earthquake and Indian blockade. It informed that the loan investment targets could not met due to the unfortunate natural and political events.

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