Laxmi Bank has recently signed a Memorandum of Understanding (MoU) with Nepal Agribusiness Innovation Centre (NABIC) for developing financial access to agri-startups and agri-SMEs through banking channel.
The MOU aims to lay a framework for cooperation between the bank and NABIC for developing financial access to agri-startups and agri-SMEs through banking channel. In this way, the bank can market appropriate products to qualified business. The major areas of the cooperation sought is mainly in sharing of information/ expertise, access to networks, joint project development, value chain financing and other relevant areas of common objectives.
NABIC is Nepal’s first agri-focused business incubator and innovation platform which has been providing mentoring, advisory and consulting related services to various agri-businesses. Laxmi Bank Ltd. is an Institutional member of NABIC.
