The Nepal Association of Tour and Travel Agents (NATTA), Gandaki Province, and Lumbini Bikas Bank, Lakeside Branch, have signed a Memorandum of Understanding (MoU) to facilitate financial services and support the growth of tourism businesses in the province.
Financial Support for NATTA Member Companies
The agreement aims to facilitate bank guarantees and additional business loans for companies affiliated with NATTA Gandaki Province. Through the partnership, the two institutions will work together to provide financial support and facilitate access to banking services for tourism businesses. The agreement is expected to strengthen the institutional relationship between NATTA Gandaki Province and Lumbini Bikas Bank while supporting the development, expansion and growth of businesses in the tourism sector.
Officials Formalize Agreement
The MoU was signed on behalf of NATTA Gandaki Province by Sangeeta Sharma Paudel, President, and Tara Prasad Gautam, General Secretary. Similarly, Prakash Chandra Pahari, Branch Manager of Lumbini Bikas Bank, Lakeside Branch, and Priya Chhetri signed the agreement on behalf of the bank. The signing ceremony was attended by office-bearers and executive committee members of NATTA Gandaki Province.
Partnership to Strengthen Tourism Sector
The collaboration is expected to make financial services more accessible to NATTA member companies and help tourism entrepreneurs obtain the banking facilities required for business expansion. The initiative comes as tourism businesses continue to seek improved access to finance to strengthen their operations, expand services and contribute to the overall growth of Gandaki Province’s tourism industry.
