Overview
Naya Sarathi Laghubitta Bittiya Sanstha Limited (Word in Nepali: नयाँ सारथी लघुवित्त बित्तिय संस्था लिमिटेड) is a public limited company under the Company Act 2063 and operating under the Banking and Financial Institution Act (BAFIA) 2073. The Sarathi Laghubitta is licensed under the NRB as Group D" financial institution under the BAFIA.
The brief highlights of the Sarathi Laghubitta:
Service Provided Districts: Panchkhal, Bhakunde, Manthali, Sindulimadi, Bardibas, Mahadevsthan, Birendrabazar, Dhangadi - Zeromile, Ydukuha, Rupnagar, Madhumalla,Ambari, Garuigunj, Sitapur, Padaul, Raghunathpur, Tarapatti, Pipara, Bisnupur, Sitapur (Siraha), Ramnagar (Mahottari), and Chimdi (Sunsari)
Promoters:
- All the promoters are from Banking and Financial Sectors.
- NCC Bank Limited is the institutional promoter of the Company.
The Capital structure of the Company is Following:
- Authorized Capital: 250 million
- Initial capital Injection: Rs.70 million
- IPO within 2 years: Rs. 30 million
Central Office: Dhulikhel - 3, Kavrepalanchowk, Bagmati Province, Nepal
Mission Vision and Goal of Sarathi Laghubitta:
The vision, Mission, and Objectives of the Organization are as following:
Vision:
To be an efficient microfinance institution capable of serving deprived sector people with the application of modern technology and tools in a competitive manner.
Objective:
To uplift the economic condition of rural poor people by providing efficient financial services, run social awareness programs to the underprivileged community of the service area.
Mission
- The following will be the major objectives of the organization.
- To provide microcredit facilities to deprived communities.
- To enhance the living standard of the deprived community by providing various financial and non-financial services.
- Raising production and productivity of poor communities by utilizing their skills and resources.
- Proving skill development training, technical know-how, and orientation for the proper utilization of the available resources, labor, and capital.
- Provide support services to local institutions for the development of agriculture, irrigation, drinking water, cottage and rural industries, forestry, and alternative energy and encourage them to undertake feasible and appropriate enterprises.
- Act as an intermediary between development programs of the government, NGOs, bi-lateral and multi-lateral projects, and local.
- Helping in increasing public trust in the overall financial system of the nation.
