KATHMANDU, Dec1: National Co-operative Bank Ltd (NCBL) and Poverty Alleviation Fund (PAF), on Thursday, signed an agreement to jointly help co-operative institutions in Nepal by providing capacity development trainings, and supporting them for mobilization of savings, loans and capital.
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NCBL, PAF sign cooperation agreement
According to the agreement, NCBL will monitor the activities of cooperatives supported by PAF and advise them accordingly. The bank will also aid newly formed co-operatives in increasing their institutional capacity as per the need. Working method and process for resource mobilization, work division, uplifting reach of co-operatives to financial inclusion shall be designed jointly by NCBL and PAF, a statement issued on Thursday stated.
