On the occasion of NATTA’s 54th Annual General Meeting, July 13, 2021, Mr. Achyut Guragain, President of NATTA, and Mr. Paras Raj Kandel, Deputy CEO of JBBL, signed the MoU to collaborate on providing financial services to NATTA members. The MoU intends to engage both parties whilst providing Professional Loans and Subsidy Loans (Women Entrepreneurship Loan at Subsidy 6%, Educated Youth Self-employed Loan, and Loan to Youth Wanting to return from Foreign Employment) up to Rs.15 lakhs without collateral based on NATTA’s recommendation with a quick loan execution process.
The Professional Loan, which was previously only available to professionals such as doctors, engineers, and accountants, is now available to tourism professionals as well with the efforts of NATTA. The collaboration between NATTA and JBBL will look for ways to engage in providing financial literacy programs to various NATTA stakeholders, and JBBL will deploy its CSR funds for various NATTA-related CSR activities as well.
The partnership is considered to be of assistance to the members in all matters on easy access to financial services provided by the bank.