Agriculture development bank to provide subsidised loan

KASKI: The Agriculture Development Bank is set to provide subsidised loan without any collateral.

A memorandum of understanding to this effect was signed between the Ministry of Land Management, Agriculture and Cooperatives, Gandaki Province and regional office of Agriculture Development Bank Limited in Pokhara, on Thursday.

According to the MoU, the bank would provide loan on subsidy in the areas of agriculture and livestock at the recommendation of the ministry with no collateral.

The MoU was signed — on the presence of Minister Lekh Bahadur Thapa, Ministry Secretary Sharad Chandra Shrestha and regional director of the bank Chet Narayan Sapkota — to help promote commercialisation of agriculture sector and thereby increase production and productivity.