Women Run Enterprise Loan
Empowered women are the symbol of an empowered society and nation. Nabil Bank supports the government initiative to create better economic opportunities for women by developing entrepreneurial skills. The Women Run Enterprise loan is a subsidized loan without a collateral base to encourage women self-employment for better livelihood and job creation, thereby locally contributing to the nation’s economy. The assistance will support to establish or meet the needs of women-run micro-enterprise of following sectors:
- Agriculture
- Food crops, cash crops, vegetable, fruits and medicinal herbs
- Livestock farming
- Irrigation and Irrigation equipment
- Agriculture tools and equipment
- Forest development and pasturing area development
- Land development and land-preservation etc.
- Industry
- Manual loom, Semi-Automated Loom, warping, painting, printing, sewing, stitching, mat wool carpet, pashmina, wool dress, construction work, woodcraft, bamboo and nigalo made products, natural vine made products
- Handmade paper, gold, silver, copper, brass, iron related works, jewelry and statue making works, tea making processes related works, ceramic and clay pot making works, leather related works, tanning, bone, horn rocks and stone made products production, painting, paper made materials , Dhup, dolls and other homemade businesses
- Service Business sectors
- Health
- Skill and self-employment
- Tourist
- Communication
- Transportation etc.
- Others (Value addition businesses, Information related business, Petty trading, etc as permitted by the law)
Features
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No mandatory Collateral requirement.
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Minimum Interest Rate: Base Rate + 2.00% Premium; Less Interest Subsidy 6%
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Loan Size up to NPR 1.5 million
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Tenure up to 5 years
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Repayment mode on EMI
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Approval confirmation within 15 working days of submission of all required documents
Eligibility Criteria
- Micro Enterprises run by Women Entrepreneurs
- Minimum 18 years age and Maximum 65 Years age
- Personnel Guarantee of the family members.
Required Document
- Firm registration and PAN Certificate
- Citizenship copy of proprietor/ Partners /promoters & guarantors
- Photographs
- Article of Association (AOA) and Memorandum of Association (MOA) (if applicable)
- Partnership Deed (if applicable)
- Business Plan
- Self-declared income of the borrower.
