Rastriya Banijya Bank to facilitate grant disbursement process under Energy Efficiency Program Nepal of German Government; energy efficient industries and businesses to receive upto 30% grant in their technology installation price

Rastriya Banijya Bank has received approval to work as Project Executing Agency (PEA) for Energy Efficiency Program Nepal under the agreement signed between Nepal Government and Germany government back in 2010.

Under this arrangement, the Bank will provide the disbursement amount of 15 to 30% of total cost of energy efficient technology to the industries and business firms which opt to install such technology at their establishment. The above mentioned grant support will be provided under the g2g pack negotiated between German and Nepal government.

Under this scheme, any business entity that opts for energy saving equipments in their business having their cost ranging between Rs 10 lakh to Rs 1 crore can apply for the grant program.

Interested small/medium/large scale induries and the business firms can get more information and download the application form from www.energy-efficiency-nepal.com and submit application for grants program at the branch offices of the Rastriya Banijya Bank, as stated in the media statement from the bank.