Under the agreement, RBB will handle all banking and loan disbursement activities for startups, while DCGF will provide guarantees for the loans. The financing will be collateral-free, aiming to improve access to credit for emerging entrepreneurs and innovative enterprises.
The MoU was signed in the gracious presence of the Honorable Minister for Industry, Commerce and Supplies, Anil Kumar Sinha. The event was also attended by senior government officials, including Madhu Sudan Burlakoti, Secretary; Dr. Ram Prasad Ghimire, Secretary; and Jitendra Basnet, Joint Secretary.
The agreement was formally signed by Devendra Raman Khanal, Chief Executive Officer of Rastriya Banijya Bank; Ramesh Ghimire, Chief Executive Officer of the Deposit and Credit Guarantee Fund; and Er. Umesh Kumar Gupta, Executive Director of the Industrial Enterprise Development Institute.
Speaking on the occasion, officials highlighted that the tripartite collaboration is expected to strengthen the startup ecosystem by reducing financial barriers, encouraging innovation, and promoting entrepreneurship through easier access to guaranteed, collateral-free loans.
The MoU signing ceremony was held in the presence of secretaries and other high-level officials from the Ministry of Industry, Commerce and Supplies (MoICS), reflecting the government’s commitment to supporting startups and enterprise development in the country.
