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  • 7th NCGC Updates

    Exactly a year after the first NCGC meeting, the 7th NCGC approved 19 projects for a loan of Nu. 63.95 million. The total projects now stand at 187 with the total loan amounting to Nu. 707.94 million. Of the 19 projects approved, 14 are in Production & Manufacturing, 4 in Services and 1 in Agriculture & Livestock Sectors. The loans for 9 projects have been sanctioned by the Bhutan Development Bank, 6 by the National CSI Development Bank and 4 by the Bank of Bhutan.

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    6th NCGC Updates

    The 6th National Credit Guarantee Committee meeting approved 24 projects on 28th October, 2021 for a loan amount of Nu. 155.91 million. The total project now stands at 169 with the total loan approved of Nu. 649.83 million. Out of the 24 Projects, 5 are under the Agriculture & Livestock, 11 under Production & Manufacturing and the remaining 8 under Service Sector. The loans sanctioned by the participating banks are 6 projects by BDBL, 5 projects by BoB and 13 by NCSIDBL. The Projects now cover 17 Dzongkhags.

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    The 4th National Credit Guarantee Committee, Chaired by Hon’ble Finance Minister approved 43 additional projects to the tune of loan amount Nu. 166.80 million. The total loan now stands at Nu. 450.40 million with total number of projects at 126. The Projects now covers 16 Dzongkhags.

    Of the 126 Projects, 35 is under Agriculture & Livestock with total loan of Nu. 46.55 million, 62 projects under Production & Manufacturing with total loan of Nu. 294.18 million and the remaining 29 under Service Sector to the tune of loan amount Nu. 109.67 million.

    The loan amount sanctioned by the participating banks (Bhutan Development Bank Ltd, National Cottage & Small Industries Development Bank and Bank of Bhutan) stands at Nu. 105.42 million, Nu. 80.22 million and Nu. 264.56 million respectively.

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    Project Updates

    The National Credit¬† Guarantee Committee (NCGC) in its Second Committee meeting chaired by Hon’ble Finance Minister approved 12 Proposals worth Nu. 55.57 million. The total approved projects now stands at 38 and have reached 10 Dzongkhags with an aggregate loan of Nu. 128.1 million. The Sectoral composition of the approved projects are: 13 under Agriculture sector, 16 under Production and Manufacturing sector, and 9 under Service sector

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    Gyalsey’s Fifth Birth Anniversary

    On the auspicious and joyous occasion of the 5th Birth Anniversary of His Royal Highness The Gyalsey Jigme Namgyel Wangchuk, the National Credit Gurantee Scheme team joins the nation in humbly offering our prayers and sincere wishes for long life, good health and perpetual happiness of our beloved Gyalsey.

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