Aadhyanta Fund Management Limited, in a landmark move, wrapped up its inaugural cohort of the Aadhyanta Accelerator Program yesterday in Biratnagar, spotlighting the high-growth potential of Koshi Province's Agri SMEs.
Crafted in collaboration with Sahaj-NAMDP, FNCCI Koshi Province, and the Provincial Investment Authority, the 8-month program zeroes in on empowering agricultural enterprises, priming them for scalability and drawing investors. The initiative actively envisions amplifying the entrepreneurial pulse of Koshi, catalyzing economic vibrancy and pioneering innovation.
As a testimony to its effectiveness, 10 enterprises emerged investment-ready at the culmination. Significant investors, including Global Equity Fund, NIMB Ace Capital Limited, Himalayan Capital Limited, Reliable Ventures Limited, and Aadhyanta Fund Management, expressed interest in an impressive 5 enterprises, signaling commitments to the tune of 200 million. Beneficiaries of this financial confidence comprise Birat Group, Khetipati Organics, Agri Center Jhapa, Raktakali Tea Estate, and Dibyadristi Veneration and Agro.
Mr. Rajendra Raut, Executive Member of FNCCI and President of FNCCI Koshi Province, chaired the momentous gathering. The event received the esteemed presence of Hon. Chief Minister of Koshi Province, Mr. Hikmat Karki, Mayor of Biratnagar Metro, Mr. Nagesh Koirlaa, and distinguished personalities including Reema Shrestha, Dr. Saroj Koirala, among others.
Commenting on the day's significance, Mr. Manoj Paudel of Aadhyanta shed light on the transformational potential of the alternative finance industry for the Nepali economy, positioning it as a robust counterweight to political uncertainties impacting economic stability, as highlighted by Chief Minister Karki.
Emblematic of a pioneering spirit, the Aadhyanta Accelerator Program's successful foray outside Kathmandu solidifies its monumental contribution to Nepal's alternative finance industry.
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