Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 115]
Notice (8): Trying to access array offset on value of type null [APP/View/Articles/view.ctp, line 116]

Unnati Project to Invest for Agriculture in Eastern Hilly Districts

  1 min 18 sec to read
Unnati Project to Invest for Agriculture in Eastern Hilly Districts
Notice (8): Undefined index: caption [APP/View/Articles/view.ctp, line 241]

May 11: The Unnati Project is to invest USD 1.8 million in seven hilly districts of Eastern Nepal for increasing agricultural output through different ten banks and financial institutions.

The Unnati Project and associated banks and financial institutions signed an agreement to this effect amid a programme on May 8.

Ilam, Panchthar, Taplejung, Dhankuta, Terathum, Bhojpur and Sankhuwasabha are the selected districts for the programme.

Unnati project associated banks and financial institutions such as Laxmi Bank, Prabhu Bank, Siddhartha Bank, Everest Bank, IME, Chhimeki Micro Finance, Sahara Cooperatives, Jiwan Bikash Financial Institution, NMB Micro Finance and Forward Micro Finance will be providing financial services in these districts.

The Unnati Project will provide the amount to the selected banks and financial institutions. The Danish government has provided the financial assistance and the technical help will be provided by UN Capital Development Fund (UNCDF) for the programme launched to develop entrepreneurship and to encourage small farmers.

According to the agreement, the banks and financial institutions will be focused to become inclusive and encourage small farmers and women’s entrepreneurship.

Chandrakanta Sharma Paudel, Expert of Unnati Project informed that separate contracts will be signed with the banks for the programme.

The agreement has provision that 40 to 60 percent of investment should be made by the bank and financial institution itself besides the fund they are provided.

Deprecated (16384): Using key `action` is deprecated, use `url` directly instead. [CORE/Cake/View/Helper/FormHelper.php, line 383]
No comments yet. Be the first one to comment.