On February 5, Everest Bank Limited entered into agreement with Deposit and Credit Guarantee Fund for credit guarantee of various subsidised loans as per NRB guidelines. After signing this agreement Everest Bank takes a step towards financial stability and economic growth of the nation by enhancement of lending for micro, small and medium enterprises (MSMEs). With this agreement, Everest Bank is now open for subsidised loans for Professional Agriculture and Livestock Loan (up to Rs 5 crores), Educated Youth Self Employment Loan (up to Rs. 7 lacs), Youth Project for Foreign return Loan (up to Rs. 10 lacs), Women Entrepreneurs Loan (Up to Rs. 5 lacs), Business Development Loan for Lower cast community (up to Rs. 10 lacs), Higher, Technical and Professional Education Loan (up to Rs. 5 lacs), and Personal Housing Loan for Earthquake Victims (up to Rs. 3 lacs).
The agreement was signed by Keshab Raj Paudel, AGM on behalf of Everest Bank Limited, and Usha Paudel, Acting Deputy CEO on behalf of Deposit and Credit Guarantee Fund.