Bank of Kathmandu (BoK) on Monday launched a new loan product called ´Mahila Udhyamshil Karja´, under which women can get loans of Rs 300,000 for a period of up to three years. The product was launched by BoK CEO Ajay Shrestha amidst a function held in Kathmandu.

“The product was introduced with the target of providing loans to all those who are keen on starting their own businesses,” says a statement issued by the bank. “The loan comes with free insurance policies that cover accidental death and permanent disability.” BoK currently provides banking services through 50 branch offices, 56 ATMs and 8 extension counters