Kathmandu: Kamana Sewa Bikas Bank Limited and the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) have signed an agreement to conduct business capacity development training programs for small and medium-sized enterprises (SMEs) across all seven provinces of Nepal.
The partnership aims to strengthen the business capabilities of entrepreneurs by improving their financial knowledge, financial literacy, and compliance practices.
The agreement was signed during a special ceremony held at the FNCCI central office by Binaya Dahal, Deputy Chief Executive Officer of Kamana Sewa Bikas Bank, and Dr. Gopal Tiwari, Director General of FNCCI.
Training to Reach All Seven Provinces
Following the agreement, FNCCI Senior Vice President Surkrishna Vaidya expressed confidence that the partnership would help expand business capacity-building programs across all seven provinces.
He also expressed the expectation that such programs could gradually be extended to other regions of the country in the future.
The initiative is expected to provide SMEs and entrepreneurs with practical knowledge and skills related to financial management, business operations, and compliance.
Focus on Financial Literacy and Compliance
The training programs will focus on improving the financial knowledge and literacy of entrepreneurs.
The partnership will also emphasize strengthening financial compliance standards among businesses. Through the training, entrepreneurs are expected to gain a better understanding of their financial position, maintain proper financial records, and adopt sound financial management practices.
Technical Support for Financial Statements
Deputy CEO Binaya Dahal stated that Kamana Sewa Bikas Bank will provide the necessary technical support to businesses under the partnership.
The support will particularly focus on helping entrepreneurs prepare financial statements and maintain appropriate financial compliance.
Such assistance is expected to help SMEs improve their financial management systems and strengthen their businesses for sustainable growth.
Emphasis on Sustainable and Technology-Friendly Banking
Kamana Sewa Bikas Bank has continued to emphasize long-term institutional strengthening and business expansion through safe, responsible, technology-friendly, and sustainable banking practices.
The collaboration between Kamana Sewa Bikas Bank and FNCCI is expected to contribute to strengthening the financial and business capabilities of SMEs while promoting entrepreneurship and sustainable business development across Nepal.
