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EBL and UKaid Sakchyam Join Hands for EBL SEBA Project

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EBL and UKaid Sakchyam Join Hands for EBL SEBA Project
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August 5: Everest Bank has signed an agreement with UKaid Sakchyam for Sakchyam EBL Banking Access (SEBA) Project. The agreement was signed by AK Ahluwalia, CEO of Everest Bank and Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance amid a program in the capital on August 4.

“With this agreement, EBL will reach out to the unbanked section of the society to introduce the banking habit through branchless banking,” said the bank in a press statement. According to the bank, the project will also help to fulfill the financial needs of individuals, agriculture cooperatives, micro SMEs as well as awareness through Financial Literacy Programme.

As per the bank, the facility will cover 27 districts of Far, Mid and Western regions of the country. “We have also introduced tablet banking as mode of branchless banking (BLB) and expanded deprived sector lending and agriculture loan through the SEBA Project,” said CEO Ahluwalia at the program.

“Sakchyam and NRB have a working relationship and we are pleased to be working together on a number of initiatives. I am happy to hear of Sakchyam and its work with BFIs such as Everest Bank towards its goals of financial inclusion, which are in fact also a priority for the NRB,” said Shiba Raj Shrestha, Deputy Governor of NRB.

Similarly, Baljit Vohra, Team Leader of UKaid Sakchyam Access to Finance hoped that Sakchyam’s technical assistance and challenge funding will support Everest Bank in its mission to provide rural populations the type of financial services that can help jumpstart local economies. “Our BLB initiatives are aligned with and will work to expedite recent government policies regarding One Citizen One Bank Account and the rollout of Government-to-Public (G2P) payments through banks,” he added.  

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