Muktinath Bikas Bank has introduced a special festival loan scheme targeting agriculture and small and medium-sized enterprises (SMEs) ahead of major festivals including Teej, Dashain, Tihar and Chhath.

The bank said the facility is designed to support business expansion, working capital needs and other commercial activities while encouraging economic activity during the festive season.

Under the scheme, agriculture and SME loans will be available at the bank's base rate plus the published premium, with the premium starting from 0.50%.

Customers taking loans under the offer will also receive a 25% discount on administrative and service charges, reducing the upfront cost associated with obtaining financing.

The loan can be used for business expansion, enterprise operations, working capital and other related commercial purposes, allowing eligible businesses to finance their additional requirements during the festival period.

The scheme also covers customers seeking to swap existing loans from other banks and financial institutions. This allows borrowers with existing facilities elsewhere to transfer their loans to Muktinath Bikas Bank under the festival offer.

The bank has made the scheme available for a limited period across all 176 branches nationwide, giving customers across the country access to the facility.

The festival season typically brings higher demand for goods, services and business inventory. By offering targeted financing during this period, the bank aims to help agriculture and SME businesses manage working capital and expand their operations.