Surkhet

District Overview

Surkhet lies in Bheri Zone in the Mid-Western Development Region of Nepal. Birendranagar is the district headquarter. The district, with an area of 2,451 sq. km is divided into 50 VDCs and one municipality. Surkhet has 72,863 households with a total population of 350,804 (Male 169,421 & Female 181,383).
Surkhet is a commercial hub to remote districts like Dailekh, Kalikot, Jumla, Mugu, Jajarkot, and Salyan of Mid-Western region of Nepal and is accessible by road and air from other parts of the country.

Economic and Financial Landscape

Agriculture (including livestock and poultry) cottage industries and trade are the main economic activities of the district. Among the registered small and cottage industries, majority belong to the industries belong to service sector, followed by the productive sector and the energy sector.
The district is served by 27 different branches of ‘A’ Class Commercial Banks and two different branches of ‘B’ Class Development Banks. The population served per branch is 13,374 against the national average of 8,960 . This indicates the need to further expand the outreach of financial services and facilities to the unbanked population of the area.

GESI Issues

The population of Surkhet comprises of a majority of about 31.62% Chhetris, 18.88% Magar, 18.29% Kami, 11.53% Brahmin followed by others, in terms of caste and ethnicity. A key focus of Sakchyam Access to Finance programme is to increase the access to financial services and facilities for the rural poor of the district and particularly for women and other DAGs.

Sakchyam’s Ongoing Interventions

Value Chain Financing Innovations

  • Wholesale Loan to Dairy Cooperatives, in the Dairy Value Chain has been launched in partnership with NMB Bank in the district.

 

Delivery Channel Innovations

  • The programme has been able to reach the unbanked population of the district through the launch of two BLB Touch Points in partnerships with Everest Bank.
  • NUBL and Mahila Sahayatra have also introduced tablet banking in the district.

 

Outreach Expansion

  • To increase financial access for rural poor, one branch each of Mahila Sahayatra and VLBS, has been established in the district.

 

Financial Literacy Initiatives

  • Various programmes on Financial Literacy are being introduced through conventional channels as well as alternate delivery channels such as Tablets and mobile phones. These programmes have been launched in partnership with NUBL, Mahila Sahayatra, RMDC and VLBS.
  • NUBL is conducting financial literacy campaigns in the district through Centre Meeting Modules and videos.
  • RMDC is conducting financial literacy campaigns through various activities such as school level interactions and message dissemination through mass media.
  • VLBS is conducting financial literacy campaigns through PGT and Centre Meeting Modules.
  • Mahila Sahayatra is conducting financial literacy campaigns through IVR, PFT, Centre Meeting Modules and videos

 

Product Development

  • Business Loan Product has been designed and is in its piloting phase in the district in partnership with Mahila Sahayatra.

 

Other Support

  • The programme is supporting Machhapuchhre Bank and Sanima Bank to deploy Dedicated ARMs to increase financial services to the rural poor.