NATTA and Jyoti Bikas Bank join hands to provide financial services to member agents

Nepal Association of Tour & Travel Agents (NATTA) and Jyoti Bikas Bank Limited (JBBL) have signed a MoU collaborating in matters related to providing financial services to the members and employees of the member bodies of NATTA. The MoU was signed by Achyut Guragain, President of NATTA and Paras Raj Kandel, Deputy CEO of JBBL on the occasion of the 54th Annual General Meeting of NATTA. The MoU intends to engage both parties providing professional loan and subsidy loans (Women Entrepreneurship Loan at Subsidy 6%, Educated Youth Self-employed Loan and Loan to Youth returned from Foreign Employment) up to Rs.15 lakhs without collateral on the recommendation received from NATTA with the swift loan execution process. The professional loan which was previously given to only professionals like doctors, engineers, CAs, now with the initiation of NATTA, will be given to tourism professionals as well. NATTA members are also offered the Pariwartankari Loan on the basis of Fair Market Value (FMV) by the bank. This partnership between NATTA and JBBL will largely facilitate the numerous travel and tour agents of the country by also providing QR codes to those engaged in the retail business. The members can open a current account at zero minimum balance. The collaboration shall look for ways of engage to provide financial literacy programs to various stakeholders associated with NATTA and JBBL shall deploy its CSR funds for various CSR related activities related to the NATTA. NATTA is an umbrella association of tour and travel agents in Nepal established 54 years ago, to accommodate around 1100 travel agents and tour operators across the nation. JBBL is a national level development bank licensed by Nepal Rastra Bank, established by a core group of promoters continuously assessing the needs of the common citizens and economy of the country.