Banking expo in Itahari Succeeded

Kathmandu, Dec. 4: The three-day Banking Expo under the Financial Awareness National Campaign has concluded in Itahari, Eastern Region. Thousands have visited the Eco Bank Insurance Expo that happened for the first-time outside Kathmandu valley. The information fair had 35 information stalls including Insurance Committee, Youth Self-Employment Fund and Bank Finance and Insurance Company. Addressing the closing ceremony of the program, Chairman of the Insurance Committee Chiranjeevi Chapagain pointed out the need to increase access to insurance. Stating that insurance is important for the protection of property and human life, he stressed on the need to include insurance education program in the curriculum. He informed that about one thousand more jobs have been created when various new life insurance companies came into operation. Targeting the youth who are choosing jobs in the banking sector, he said that the insurance sector is also at the best point of employment

Bhoj Raj Sharma, an insurance expert and advisor to the Insurance Committee, said that the number of insurers was low as they did not understand the importance of insurance. Devendra Bahadur Basnet, chief executive officer of a Nepal Micro Finance, stressed on the need to make insurance compulsory even in small enterprises. Sanchit Bajracharya, CEO of Prabhu Insurance, said that those who do not have home, car insurance due to greediness in small amount of money should regret it at any time. He stressed on the need to make insurance mandatory for the protection of property earned over the years.

 Speaking on the occasion, Kamlesh Poudel, a local social worker and principal of Kasturi College, said that management students should get compulsory education on banking and insurance. Similarly, Madhav Nirdosh, coordinator of the Financial Awareness National Campaign, said that development was not possible without the presence of banks and insurance companies. A play on beam education and financial literacy prepared by Swadeshi Microfinance was presented in the program. Students, entrepreneurs, businessmen, women and others actively participated in the program. Launched in collaboration with Nepal Rastra Bank’s Promotion and Insurance Committee, the program was organized by Bankers Association, Development Bankers Association, Microfinance Bankers Association, Youth Self-Employment.

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