Deposit and Credit Guarantee Fund, Biratnagar

Deposit And Credit Guarantee fund (DCGF), established under prevailing Companies Act, 2021, on 20th September, 1974 in the name of Credit Guarantee Corporation under the initiation and equity participation of Nepal Rastra Bank(Central Bank of Nepal), Rastriya Banijya Bank and Nepal Bank Limited with 10 million of authorized capital and 3 million of paid up capital has been renamed to Deposit and Credit Guarantee Fund with the current promulgation of Deposit and Credit Guarantee Fund Act, 2017. At present, the authorized capital of the fund has been increased by 1,000 folds to Rs. 10 billion whereas the paid-up capital has reached the landmark of 8 billion.

The Fund has diversified its scope of areas and streamlined its business in the current period which was limited for the priority sector lending of Rastriya Banijya Bank and Nepal Bank Limited up to the maximum limit of 2.50 million during the initial phase of establishment. Recently, the Fund is serving in the following different sectors viz:

1.Deposit Guarantee
2. Credit Guarantee

a) Micro Finance and Deprived Sector Credit Guarantee
b) Agricultural Credit Guarantee
c) Educational Credit and Educated Unemployment Business Credit Guarantee
d) Small and Medium Enterprises Credit Guarantee
e) Livestock Guarantee