Agricultural Development Bank Head Office in Kathmandu

🕗 opening times

comments 5

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  Diwakar khatiwada

  :: 26 January 2019 21:10:04

  A development finance institution (DFI) or development bank is a financial institution that provides risk capital for economic development projects. They are often established by governments or charitable institutions to provide funds to projects that would otherwise not be able to get funds from commercial lenders. Some development banks include socially responsible investing and impact investing criteria into their mandates. Governments often use development banks to form part of their development aid. DFIs can include multilateral development banks, bilateral development banks, microfinance institutions, community development financial institution and revolving loan funds.[1] These institutions provide a crucial role in providing credit in the form of higher risk loans, equity positions and risk guarantee instruments to private sector investments in developing countries.[2] DFIs are typically backed by countries with developed economies.

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  jagannath kandel

  :: 16 January 2019 09:30:44

  One of the government owned banks that provide soft loans for the farmers

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  DjJohn Acharya

  :: 11 March 2018 15:12:45

  Uses Hindi language on website 😳

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  Rakesh Shrestha

  :: 06 February 2018 00:46:31

  With the main objective of providing institutional credit for enhancing the production and productivity of the agricultural sector in the country, the Agricultural Development Bank, Nepal was established in 1968 under the ADBN Act 1967, as successor to the cooperative Bank. The Land Reform Savings Corporation was merged with ADBN in 1973. Subsequent amendments to the Act empowered the bank to extend credit to small farmers under group liability and expand the scope of financing to promote cottage industries. The amendments also permitted the bank to engage in commercial banking activities for the mobilization of domestic resources. Agricultural Development Bank Limited (ADBL) is an autonomous organization largely owned by Government of Nepal. The bank has been working as a premier rural credit institution since the last three decades, contributing a more than 67 percent of institutional credit supply in the country. Hence, rural finance is the principal operational area of ADBL. Furthermore, the bank has also been involved in commercial banking operations since 1984. The enactment of Bank and Financial Institution Act (BAFIA) abolished all Acts related to financial institutions including the ADBN Act, 1967. In line with the BAFIA, ADBL has been incorporated as a public limited company on July 14, 2005. Thus, ADBL operates as a "A" category financial Institution under the legal framework of BAFIA and the Company Act, 2053

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  Anish Chhetri

  :: 24 September 2017 15:46:07

  Government office for agricultural development