March 28: Nabil Bank has launched ‘Nabil Nari’ scheme to provide complete banking services for women of the country. Under this scheme, women can avail three products namely ‘Nabil Premium Nari Bachat’, ‘Nabil Nari Karja’ and ‘Women Run Microenterprises Loan’.
According to the bank, the products are launched with an aim to cater to all the financial needs of Nepali women by encouraging savings and enhancing women entrepreneurship in the country.
“I believe that our new ‘nari’ products will encourage all Nepali women to take steps towards building a secure future and also empower women entrepreneurs to grow and contribute to the development themselves, their families and the society at large,” said CEO of the bank Anil Keshary Shah, adding, “With an access to high quality credit sources, women can build strong businesses, escape poverty and become an even bigger contributor to the economic development of the nation.”
Nabil Premium Nari Banchat will be providing 4.75 percent interest rate on the savings annually along with other features like Nabil Smart Banking, credit cards (both local and international), demand drafts/swift transfers, locker facility etc, reads a statement issued by the bank.
Similarly, the bank’s loan product intended for small and middle enterprises (SME) of women, Nabil Nari Karja, provides loan with interest rate of 9.99 percent per annum (fixed for one year) to assist women in their entrepreneurial endeavors. Besides, women can enjoy other services like free issuance of credit card to the key person with initial limit of Rs 50,000, free SMS alerts for their transaction and free email delivery for monthly bank statement.
To access the product, firm should be owned by women. In case of partnership firm, 50 percent of the partnership must be of women and 51 percent of the share should be owned by women in the company. The loan is available starting from Rs 500,000 to Rs 10.5 million.
Likewise, ‘Women Run Microenterprises’ will be providing subsidized loan up to Rs 1.5 million for five year period at a minimum interest rate of 3.94 percent under the Direct Deprived Sector Lending on EMI basis. This scheme targets to assist self employment and micro enterprises development of women.
During the event, the bank also appointed popular Nepali actress Priyanka Karki as the ‘Face of Nabil Nari’.
At present, the bank has been providing its services from 75 branches, 125 ATM counters and more than 1500 Nabil remit agents.
