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ADB approves $20mn loan to improve access to financial services in Bhutan
The Bhutan Development Bank (BDB), the country’s key rural finance intermediary, provides financial services to agricultural, commercial, and industrial enterprises, especially CSIs.ADB | Thimphu | Updated: 15-12-2020 18:26 IST | Created: 15-12-2020 18:26 IST
The Asian Development Bank (ADB). Image Credit: ANI
The Asian Development Bank (ADB) has approved a $20 million loan to improve access to financial services of the rural cottage and small industries (CSIs) in Bhutan.
Rural CSIs in Bhutan have limited access to financial services due to the complex and inadequate understanding of loan requirements. The Bhutan Development Bank (BDB), the country s key rural finance intermediary, provides financial services to agricultural, commercial, and industrial enterprises, especially CSIs. It accounts for 95% of the total agriculture loan portfolio and 84% of the CSI loan portfolio in the country in 2019. Agric