Kathmandu, June 29: Sana Kisan Bikas
Bank Limited (SKBBL) has launched a programme to distribute concessional loan
of Rs. 50,000 each to as many as 12,000 severely affected rural smallholder
poor households.
Such households will be provided credit
at a rate of 5 per cent interest through Small Farmers Agriculture Cooperatives
Limiteds (SFACLs) in Dhading, Nuwakot and Rasuwa.
In order to restore livelihood of
smallholder rural poor farmers, SKBBL has launched ‘Livelihood Restoration
Credit for Earthquake Affected Communities' programme with the support of the Asian
Development Bank.
The project has got US$ 5.5 million
loan from the government out of the grant provided by the ADB for the purpose
of providing Livelihood Restoration Credit Disbursement.
“Besides the loan disbursement to the
farmers, community based capacity building and training programme will be
conducted for the restoration of earthquake affected communities of rural
smallholder farmers in all 14 districts which were severely affected by the
quake,” said Jalan Kumar Sharma, chief executive officer of the bank.
Under this programme, 2,400 rural poor
farmers will be trained in disaster resilient construction and disaster risk
management capacity development. Approximately 1.5 million USD has been
allocated for the training purpose.
The bank Wednesday handed over cheques
worth Rs. 190 million to 20 SFACLs of Dhading, Nuwakot and Rasuwa districts for
re-lending the money to 4,418 rural farmers.
According to Khem Bahadur Pathak,
chairman of SKBBL, altogether 756 SFACLs including in the process of hand over
were undertaking microfinance activities reaching approximately 550,000 rural
poor households.
These cooperatives have a total loan
outstanding of about Rs. 28 billion including Rs. 10.50 billion loan from
SKBBL.
Joint Secretary of Ministry of Finance
Surya Prasad Acharya said that about one third of the total household members
of the AFACLs affiliated with SKBBL were largely affected by the devastating
earthquake in April and May last year.
ADB country director Kenichi Yokoyama
informed that the loan facility was to help families restore their houses,
farmland, livestock, or micro-enterprises. “The concessional micro-credit is
targeted to particularly poor and vulnerable households that have no
alternative sources of financial assistance.”
About
31,832 residences of the members have been fully damaged and more than 79,000
cattle died in the tremors.