MICRO DEPARTMENT

MOU WITH ORGANIZATIONS DURING FY 2078/79

(A partnership between Mega Bank Nepal Limited and Urbar Nepal Public Limited)

MOU WITH ORGANIZATIONS DURING FY 2078/79

MOU FOR AGRO FARMING NATIONWIDE ON 10TH BHADRA 2078

Mega Bank Nepal Ltd. has signed MOU with Urbar Nepal Public Limited, having its registered office at Mid Baneshwor, Kathmandu on 2078/05/10 BS. The purpose of signing of this MOU is to facilitate Mega Interest Subsidized Loan to the Members farmers to promote their Agriculture/ Agro-enterprise or value chain businesses through the countrywide branches of the Bank.

Mega Bank has identified the need for a more structured approach in building loan portfolio focused towards the agro-businesses. This has led to the partnership between Mega Bank and Urbar Nepal to meet the financing gap in the agriculture sector for small scale farmers, agro farm, agro entrepreneurs, women entrepreneurs and deprived sector.

The partnership aims to provide inclusive access to finance to individuals such as smallholder farmers as well as enterprises involved in agri-business activities. Under the partnership, the bank will structure the loan products and streamline the lending model to cater all the entities involved in the agriculture value chain.

By this agreement, low income groups/small farmers/entrepreneurs who want to grow their agricultural/business activities will be benefited.

As estimated, around more than 500 farmers will be directly benefited through this financing arrangement by the end of FY 2079/80. At present the Bank shall provide loan to around 100 farmers during FY 2078/78 under priority sector and interest subsidized/MSME loan. Till date 60 farmers have already benefitted through Bank’s saving products and 8 farmers/Entrepreneurs through Subsidy Loan, after this MOU.

(A partnership between Mega Bank Nepal Limited and Neko Energy Solution Pvt Limited)

MOU WITH ORGANIZATIONS DURING FY 2078/79

MOU FOR LITHIUM BATTERY FINANCING IN SAFA TEMPO ON 21ST BHADRA 2078

Mega Bank Nepal Ltd. has signed MOU with Neko Energy Solution Pvt Limited, having its registered office at Anamnagar-32, Kathmandu on 2078/05/21 BS. The purpose for signing of this MOU is to provide credit facility to the customers willing to replace lithium battery in their 3 wheeler electric vehicle (Safa Tempo) recommended by Neko Energy.

The major objective of this project is to promote and enhance entrepreneurship, basically in Electronic Vehicle, namely SAFA TEMPO.

With this agreement, the Bank will extend subsidized credit facility to the small level electric vehicle owners in order to empower these entrepreneurs working in the public transportation sector following the recommendation from Neko Energy Solutions and will also help these people get connected with digital banking platform by promoting its QR code-based payment.

Neko Energy deals with the installation and operation of various systems to solve the problems of energy crisis. In the present situation NEKO aims to promote electric vehicles in Nepal as electric vehicles are environment friendly transport means fueled by domestic clean hydro power to support this activities. MEGA Bank joint hands with NEKO Energy to promote those entrepreneurs who are willing to operate SAFA Tempo and those who require financing needs to replace existing lead acid batteries with lithium batteries in Safa Tempo.

Presently, there are 730 SAFA tempos and 36 charging stations in 17 different routes of Kathmandu valley providing services to more than 150,000 passengers on a daily basis. Till date Mega Bank has facilitated 5 Entrepreneurs through its loan products and also targeted to reach around 100 numbers to those needy entrepreneurs throughout this running fiscal year.

(A partnership between Mega Bank Nepal Limited and Bhojpur Municipality)

MOU WITH ORGANIZATIONS DURING FY 2078/79

MOU TO SUPPORT FARMERS/ ENTREPRENEURS ON 5TH ASHWIN 2078

Mega Bank Nepal Ltd. has signed MOU with Bhojpur Muncipality,Nepal on 2078/06/05 BS. The purpose of signing of this MOU is to facilitate Farmers/Entrepreneurs for Agro/Subsidized/MSME Loan. As per the agreement, the Bank will provide loans to the farmers of Bhojpur Municipality by ensuring the provisions of the Bank’s as well as Nepal Rastra Bank guidelines.

The objective of this MOU is to support small farmers, agro-based industries as well as agri-entrepreneurs for commercialization and modernization of agriculture and enhance productivity.

With this MOU, Farmers, Returnee Migrant, Entrepreneurs & Marginalized group will be benefited through the Bank’s various loan/saving products. Bank will support to those needy entrepreneurs willing to operate their farming/business activities and requiring assistance for financial support.

Bank has targeted to reach 50 numbers of Farmers/Entrepreneurs during this fiscal year.

(A partnership between Mega Bank Nepal Limited and Tripurasundari Rural Municipality)

MOU WITH ORGANIZATIONS DURING FY 2078/79

MOU TO SUPPORT FARMERS/ ENTREPRENEURS ON 1ST ASHWIN 2078

Mega Bank Nepal Ltd. has signed MOU with Tripurasundari Rural Municipality, Dhading on 2078/06/01 BS. The purpose of signing of this MOU is to facilitate Farmers/Entrepreneurs for Agro/Subsidized/MSME Loan. As per the agreement, the Bank will provide loans to the farmers of Tripurasundari Rural Municipality ensuring the provision of Bank’s as well as Nepal Rastra Bank’s guidelines.

The objective of this MOU is to support small farmers, agro-based industries as well as agri-entrepreneurs for commercialization and modernization of agriculture and enhancing productivity.

Farmers, Returnee Migrant, Entrepreneurs & Marginalized group will be benefited through the Bank’s various loan/saving products. Bank will support the needy entrepreneurs willing to operate their farming/business activities but requiring financial support.

Bank has targeted to reach 50 numbers of Farmers/Entrepreneurs throughout this fiscal year.

(A partnership between Mega Bank Nepal Limited and Federation of Nepal Cottage & Small Industries- FNCSI)

MOU WITH ORGANIZATIONS DURING FY 2078/79

MOU TO SUPPORT ENTREPRENEURS ON 26TH SHRAWAN 2078

Mega Bank Nepal Ltd. has signed MOU with FNCSI (Federation of Nepal Cottage and Small Industries) on 2078/04/26 BS. The purpose of signing MOU with FNCSI is to help the entrepreneurs by providing loan facilities for enhancing their business as well as to promote the interest subsidized loan for entrepreneurs by involving income generating activities.

By this MOU, it has been envisaged that low income groups/entrepreneurs willing to grow their own business/enterprises/small and medium industry and operating their individual as well as proprietorship firms will be benefited.

The agreement will help in the implementation of the Government’s policies and programs and also support entrepreneurship development in the country.

Through this agreement, the Bank will provide loans to financially support the domestic and small entrepreneurs. As per FNCSI, there are around 35,000 entrepreneurs directly associated with the federation at present. The entrepreneurs will be eligible for the loans on the basis of the federation’s recommendation.

Till date few of the entrepreneurs has been associated with the Bank and the Bank hopes to achieve fruitful target within this fiscal year.