A partnership between Laxmi Laghubitta Bittiya Sansthan and UKaid Sakchyam Access to Finance Programme was officially announced on August 9 at a function held at the head office of Laxmi Bank. The partnership is for the digitisation of the microfinance services of Laxmi Laghubitta to deepen financial inclusion. The agreement certificates were signed and exchanged by CEO of Laxmi Laghubitta, Prakash Raj Sharma and Team Leader of Sakchyam, Nirmal Dahal.
Under this project, Laxmi Laghubitta will adopt and integrate an advanced Core Banking System (CBS) to automate their services.
The CBS which has proven its capability in the digital banking process will enable the organisation to transfer their services to the digital platform. Digital devices will be used to provide various services such as loan and saving collection and withdrawal, customer registration, loan application process etc. Tablet banking will be introduced in phases.
