Nepal Association for Software and IT Services Companies (NAS-IT) and Kumari Bank Limited (KBL) have partnered to provide up to Rs. 10 million in collateral-free working capital loans to NAS-IT member companies, marking a significant moment in Nepal’s IT sector. NAS-IT’s President, Mr. Richan Shrestha and KBL Senior Deputy Chief Executive, Mr. Ram Chandra Khanal signed the agreement on behalf of their respective organizations.
The collaboration signifies a historic moment of such substantial financing being offered to any business in Nepal, that holds enormous potential to empower NAS-IT members and move the sector forward.
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