Development banks to introduce green deposit, green loan schemes

Published on July 25, 2023

Development banks have planned to introduce ‘Green Deposit Scheme’ and ‘Green Loan Scheme’ to contribute to sustainable development.

The Executive Committee of Development Bankers Association Nepal (DEBAN), including GABV member bank, Muktinath Bikas Bank, decided to bring the investments made in the productive sectors under the ‘Green Loan Scheme’. The productive sectors to be brought under the scheme include agricultural enterprise, forestry enterprise, hydropower, solar energy, bioenergy, wind power, Cable car/ropeway, electric vehicles and wastewater treatment enterprises.

Since the investment of banks and financial institutions (BFIs) is increasing in relatively less productive areas, DEBAN has decided to introduce ‘Green Loan Scheme’ with the aim of increasing credit in areas that support productive and sustainable development. The association is introducing ‘Green Deposit Scheme’ with the aim of gradually securing resources for investments in ‘Green loan scheme’.

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