Nepal Micro Insurance and Muktinath Bikas Bank Forge Strategic Partnership to Enhance Financial Inclusion

Nepal Micro Insurance Company Ltd (NMIC) and Muktinath Bikas Bank Ltd have signed a Memorandum of Understanding (MOU) to collaborate on various business ventures, aiming to enhance financial inclusion and offer better financial and insurance solutions for Nepali consumers.

The MOU was signed by key officials from both companies, including NMIC CEO Mr. Mrigendra Rimal and Muktinath Bikas Bank Ltd Deputy CEO Mr. Samir Sekhar Bajracharya.

The partnership will focus on expanding microinsurance services, creating customer-centric products, and promoting joint marketing initiatives, with a shared goal of driving sustainable growth and improving economic stability, particularly in rural and semi-urban areas.