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Deposit and Credit Guarantee Fund to prioritize financial accessibility

2023 Sep 22, 7:21, Kathmandu

 The Deposit and Credit Guarantee Fund observed a golden jubilee on Thursday.

In an address to the celebrations marking the 50 years of the Fund remaining as a country's financial safety net, Minister for Finance, Dr. Prakash Sharan Mahat applauded the role of Fund in promoting economic activities by motivating small and medium industries and enterprises. Inaugurating the celebrations, the Finance Minister advised the Fund to revise its credit guarantee programmes as per the demand of time.

He advised the Fund to prioritize the needs of small and middle-scale industries, particularly operated by disadvantaged communities and come up with program capable of supporting the government program and policies to improve financial accessibility nationwide. He sought the role of the Fund to create job opportunities as well.

Stating that nation's economy is making positive headway, the Finance Minister said, "Economic issues in the nation are indicating the sign of improvement. Economic indicators are satisfactory and the status of remittance inflow is good."

He also urged one and all to support the government efforts for building investment-friendly atmosphere in the country.

Fund Chairperson Revenue Secretary Dr. Ram Prasad Ghimire said the Fund focused on guarantee of credit investment in livestock, foreign employment, concessional loan, poverty alleviation and program for entrepreneurship.

Nepal Rastra Bank Deputy Governor Bam Bahadur Mishra was of the view of making the Fund more competitive and powerful.

Fund Chief Executive Officer Ramesh Ghimire has said the Fund had its direct role in promoting financial stability, poverty alleviation, self-employment creation and the development of entrepreneurship. As he said, the Fund had lately encouraged new areas for investment such as start-up loans, information technology loan, green energy and so on.



financial safety net Minister for Finance Dr. Prakash Sharan Mahat credit investment in livestock Foreign Employment Concessional Loan poverty alleviation Nepal Rastra Bank Deputy Governor Bam Bahadur Mishra
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