Since there is a lot of potential for small to big tourism businesses here, the purpose of this type of loan is to provide access to the cooperative sector in this sector, to prevent shortage of capital, to promote and develop tourism, as well as to provide self-employment opportunities to the people of that area through tourism business and to improve their living standards and make them self-reliant
Through such guarantee letters, NCBL undertakes responsibilities to provide fund (guarantee amount), following a default by you of your contractual or other obligations
The establishment of NCBL, therefore, has a special implication for the development of cooperative movement of Nepal since the promotion and strengthening the cooperatives address the country major socio-economic deprivations, poverty, unemployment and inequality etc
