Nepalgunj, April 22:The Mid-Western Rural Development Bank has floated loans of Rs. 292.126 million as of the month of Poush, 2056 Bikram year.

Last fiscal year, the bank was able to recover loans amounting to Rs. 91.361 million out of a total loan issue of Rs 111.227 million.

Chairman of the Board of Director of the Bank and deputy governor of Nepal Rastra Bank Rambabu Pant disclosed this while presenting a financial report at the 5th general meeting held here recently.

The     Bank    had    issued     Rs. 47,885,000   to   Banke   district, Rs 30,128,000 to Bardiya, Rs.   16,736,000   to   Dang,     and Rs. 6,478,000 to Surkhet during last fiscal year.

The Bank has recruited 26,160 women as members through the formation of 3,232 groups as of Poush last and issued loans to 15,165 of the women so far.

The Bank has been able to upgrade its capacity and also generate profit, it is learnt.

The    Bank   has   increased thenumberofindividual    savings   from   3,362   as   of     the end   of   Asar,   2955    to   4,001 as of the end of Asar last. The total amount of the savings accounts reached Rs. 2,158,000, an increase of 30 per cent over last year’s total deposit of Rs. 1,485,000.

Similarly, the Bank has seen a total expenditure of Rs. 14,452,632 so far under different heads during the current fiscal year.

At the general meeting, chairman Pant said that the Bank had taken into serious consideration how it can extended its services in the hilly region.

He further said that landless settlers and the trendancy of migration posed a serious challenge to the Bank.

Meanwhile in Dolpa, the first full plenary meeting of  the “B.P. With     the    Poor”   Programme District Coordination and follow-up committee was held here recently.

The local Tripura Village Development Committee (VDC) has been selected for the programme in Dolpa district as per the policy of the Central Programme Implementation Committee to implement the programme in any one VDC of the district.

The programme will be extended to cover other VDCs in the future, according to the District Programme Coordination Committee chairman Laxmi Narayan Neupane.

He said an introductory seminar on the programme would be organised in the district on April 28.