Nabil Bank and DV Excellus Pvt. Ltd. (Kheti App) have entered into an agreement to foster easy access to finance to the registered Farmers in Kheti Farm Platform to purchase agri-inputs, fertilizers, farm machinery, and other requirements for farming in the villages.
Under this strategic partnership, the bank agrees to provide support in providing easy access to finance to the farmers which ensures qualitative seeds & fertilizers. Likewise, farmers can benefit from technical support & assurance of market from DV Excellus.
Mr. Anil Keshary Shah, Chief Executive Officer of Nabil Bank, and Mr. Debesh Pradhan, Director of DV Excellus signed the agreement in the presence of Mr. Sujit Kumar Shakya, Deputy Chief Executive Officer of Nabil Bank, Mr. Niraj Basnet (Danil), Head of SME & MF, Mr. Kiran RS Nair, Chief Operating Officer of DV Excellus & Mr. Subash Bhattarai, Chief Technology Officer of DV Excellus
Speaking about the partnership, Mr. Anil Keshary Shah said, “Nabil Bank has always given priority to Sustainable Banking & believes that lending to agriculture sector shall help the sustainable growth of the agri-business which is one of the major contributors of Nepal’s GDP. We are very excited to collaborate with DV Excellus to provide agriculture loans as per the requirements of Registered Farmers thereby enabling them to enhance their production capacity and contribute to the economic development of the country along with contributing to society with organic food for better health & hygiene.
With this partnership, Nabil Bank has initiated innovation in traditional financing with a fusion of technical knowledge & business development programs to uplift the farmers with easy availability of qualitative raw materials & easy access to finance.
Nabil Bank feels proud to initiate the Agriculture Value Chain Financing by providing suitable banking opportunities to the small farm holders which, we believe to be a major strength on their journey of becoming a successful agro-produce. With this collaboration, Nabil Bank shall provide digital loan solutions through Kheti App. Farmers registered at Kheti App can apply for a loan from Nabil Bank digitally through the App itself.
Likewise, the Director of Mr. Debesh Lal Pradhan said “Through this collaboration, DV Excellus is actively working on providing seamless digital loans to the Nepalese farmers through its Kheti Farm application. The ultimate objective of this collaboration is to provide financial assistance to the farmers of Nepal promptly through a seamless digital process, which will encourage the flow of the latest technologies, tools, machinery, techniques, and inputs to the base of the pyramid (BoP) efficiently.”
About Nabil Bank
Nabil Bank is operating with a wide network with 135 branches, 183 ATMs, 5 Extension Counter,s and more than 1,500 Nabil Remit Agents spread across the country. With a banking experience of 37 years with a highly trained team and robust/secured banking system, the bank intends to provide superior service delivery for enhancing value to the customers.
About DV Excellus P. Ltd
DV Excellus P. Ltd. is an agri-food tech company that is developing and implementing an integrated solution for agri-ecosystem players called “Kheti”. Kheti is a flagship product of DV Excellus. It is an integrated web and mobile-based platform that integrates the entire value chain in food production and consumption, primarily targeting two major customer groups – farmers and consumers. Kheti helps smallholder farmers to be productive and profitable through its farmer-friendly "Farm Management Tool" (i.e., maintaining farm data records, customized advisory services, linkage to a wide range of sustainable inputs & services, etc.), and ensuring market access of their produce through specialized B2B linkages, and by building traceable and transparent collaborations between stakeholders.
Besides the target customers, the KHETI platform and its services will be used by other agri-stakeholders including agri-experts, agri-cooperatives, products and service suppliers, banks and financial institutions, development agencies, government bodies etc. To date, it has onboarded 10,000+ farmers, 3000+ consumers 100+ restaurants & hotels, and all the major Agri input providers of Nepal.