Two companies receive subsidy return for their energy-efficient machinery installation; Banijya Bank makes payment on behalf of Energy Efficiency Program Nepal funded by German Government

Thu, Mar 25, 2021 4:51 AM on Latest, Corporate,

Rastriya Banijya Bank has granted a subsidy worth Rs 15.35  lakh to Sujal Dairy and  Rs 4.67 lakh to Golden Star Soup Industries for their energy-efficient operation under the Energy Efficiency Program Nepal funded by the German Government. The cheque amount for the subsidy was handed over by the CEO of the bank Mr. Kiran Kumar Shrestha.

The program has been in place in Nepal since 2010 under the funding of the German government where the big and small industries that install energy-efficient and less polluting machinery for their production line will be eligible to receive 15%to 39% of their total investment as subsidy return, the total amount not exceeding Rs 1 crore.