Banking News – Over Rs 56 lakh in assistance has been raised by NIMB Ace Capital Limited, NIBL Equity Partners, and its portfolio companies for the search, rescue, relief, and rehabilitation of citizens affected by the flood in the Bhote Koshi River.

The assistance has been provided through the Prime Minister’s Natural Disaster Relief Fund with the objective of supporting relief and rehabilitation for affected citizens. Additionally, portfolio companies of NIBL Equity Partners have collectively committed approximately Rs 35 lakh in cash assistance for the relief and rehabilitation of affected communities.

A total of over Rs 56 lakh has been raised from NIMB Ace Capital, NIBL Equity Partners, and its portfolio companies for the flood victims. Commitment has also been expressed to provide necessary support for the reconstruction and long-term development of flood-affected districts including Rasuwa, Nuwakot, Dhading, Gorkha, Tanahun, and Chitwan.

On behalf of the NIMB Ace Capital and NIBL Equity Partners family, heartfelt tribute has been paid to citizens who lost their lives in the flood, and deep condolences have been extended to the bereaved families.