Mahlaxmi Finance to provide loans at 10.50% to sugarcane farmers

ShareSansar March 24:

In the present scenario where the demand of domestic sugar in Nepal is increasing, Mahalaxmi Finance and Reliance Sugar & Chemical Industries private limited have signed an agreement of providing agricultural loans to farmers in affordable interest rates.

The agreement aims to increase the production of sugar and encourage farmers towards sugarcane farming.

The CEO of Mahalaxmi Finance Limited, Ramesh Kumar Bhattarai and the Chairman of Reliance Sugar & Chemical Industries Private limited, Birendra Kumar Sanghai have signed the agreement. According to the agreement, the Finance will provide a loan of Rs 80 thousand at the interest rate of 10.50% per Bigha for the sugarcane farmers of Bara District.