Nirdhan Utthan, “the Laghubitta Bittiya Sanstha for upliftment of the poor” is a micro-finance established in November 1998 under Company Act of Nepal 1997 (now Company Act 2006). Nepal Rastra Bank, the Central Bank of Nepal, granted a license in April 1999 to undertake banking activities under the Development Bank Act 1996. It started its formal operation from July 1999. Now, operated under Bank and Financial Institutions Act 2017, Nirdhan Utthan provides micro-finance services such as Loans, Deposits, Micro-Insurance and Remittance services to low income families of Nepal. NULBSL follows group lending based on Grameen Bank, Bangladesh model as well as group lending based on NULBSL developed Self-Reliant Group model through a network of 181 branch offices spread over all 77 districts of Nepal.