Agriculture Value Chain Finance Training Organized in Pachthar
15th December 2016
UNNATI-Access to Finance (A2F) project has organized a 2-day residential training on Agriculture Value Chain Finance to Micro-small and Medium Enterprises (MSMEs) of Dairy, Ginger, Large Cardamom and Orthodox Tea value chains, in Phidim, Pachthar on 14-15 November 2016. UNNATI- A2F partners, non-partner Banks and Financial Institutions (BFIs) operating in Pachthar district also participated in the training programme, All together 37 participants participated in the training that includes 26 MSMEs representing 4 selected value chains, 6 banks and financial institutions representatives, 1 non-life insurance company, 2 officials from UNNATI/Orgut, 1 from Chamber of Commerce and Industry and 1 from District Livestock Service Office.
Mr. Amraj Khadka, Value Chain Finance Expert, UNNATI-A2F facilitated the training with support from other staffs of UNNATI. Banks and financial institutions representatives including participant from Neco Insurance also facilitatated the training with the highlights on existing financial products and services in agriculture sector, orientation on regulatory frameworks and banks and financial institution’s requirements for granting the loan. Representatives from two of the biggest banks of Nepal, namely Agricultural Development Bank and Nepal Bank Limited, also facilitated the training sessions based on their decades long experiences in agriculture finance and rural finance, and requested training participants to apply for the subsidized loans under Yuva Krishi Karja Nirdeshika (Youth Agriculture Loan Directives) . Highlights on the Yuva Krishi Karja Nirdeshika (Youth Agriculture Loan Directives) of Nepal Rastra Bank were also shared among the participants through presentations and lectures by the representatives of commercial banks. The representatives of Microfinance institutions presentation their microfinance products and practices. Representative from insurance company also presented on the existing Crop and Livestock Insurance policies, products and practices with reference to Neco Insurance.
Participants were acquainted with products and services of BFIs along with development of bankable loan proposal with guidance from MSMEs by representatives of BFIs. Participating entrepreneurs realized that commercialization of value chains need greater transparency, strong linkages and equitable sharing of profits and risks among themselves.
The programme was commenced with the opening remarks with the highlights of UNNATI-A2F Project scopes and objective. Ms. Rekha Gurung of Mountain Cardamom Cooperative Ltd, and Mr. Nanda Kumar Angdambe of District Tea Cooperative Federation thanked UNNATI- A2F for organizing such an eye opening event on a new topic like Agriculture Value Chain and expressed satisfaction over the delivery of the programme and its appropriateness. Additionally, Mr. Gyanendra Bahadur Dahal, Business Development Officer of Agriculture Development Bank Ltd., Phidim Branch expressed satisfaction for having participated in such an event that provided BFIs a chance to orient the MSMEs on the existing agriculture finance policies, individual banks and financial institutions products, services and their requirements, along with opportunities to learn the demand side aspects.