Nabil Bank launches ‘Nabil Eco-Friendly Business Loan’

NL Today

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Kathmandu: With an aim to cater to the financing requirement of eco-friendly and sustainable businesses, Nabil Bank has announced its new SME loan scheme—‘Nabil Eco-Friendly Business Loan’.

Under this scheme, any business that contributes to sustainable development will be eligible for the loan at a lower price, the bank said in a press release.

According to the bank, the interest of the loan amount will be 0.5 percent lesser than other loans. Businesses related to waste management, biogas, organic fertilizer production, upcycle, recycling and reuse, and others that envisions lowering the carbon footprint, pollution, and deforestation of the country will be entertained under this scheme.

“Nabil Eco-Friendly Business Loan scheme is our latest initiative under sustainable and green financing that reflects the bank’s support in reducing the waste going into the landfill and thereby contributing towards social and environmental values,” said Niraj Kumar Basnet Danil, Head of SME and MF of the bank.

He further added that the bank is further extending its support to these eco-friendly businesses to build into a successful business venture through our capacity enhancement programs and co-marketing program.

Stating that Nabil has been advocating sustainable banking for a while, he added, “Being part of the society, it is our duty to work responsibly. We are promoting sustainable banking plans which will definitely open up new avenues and horizons to work under eco-friendly and sustainable businesses.”

The bank operates through a network of 150 branch offices, 187 ATMs, numerous POS terminals, remittance agents spread across the nation, and over 1,500 international correspondent banking relationships.