Nabil Bank announced the official signing of an agreement with UKaid Sakchyam – Access to Finance Programme (Sakchyam) for “Designing and Implementing a SME Focused Strategy to Enhance Banking Services for SME Segment in Nepal”. The partnership was officially announced on March 7 by the signing and exchanging of agreement between Anil Keshary Shah, CEO of Nabil Bank and Nirmal Dahal, Team Leader of Sakchyam. In addition to the agreement signing, Nabil Bank has also announced the launch of a new SME focused product ‘Nabil Sajilo Karja’, the first product under the partnership project, targeting smaller enterprises. The partnership with Sakchyam aims to enhance the Bank’s SME approach with a focus on client needs while taking cue from international best practices. Nabil Sajilo Karja provides a competitive interest rate of 10.50% targeting SMEs with sales turnover up to Rs 40m and loan need up to Rs 15m. The product also offers a smart package of free transaction alert services, free monthly bank e-statement delivery, free issuance of credit card to the key person of the business with an assured turnaround time of five days.