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Shikhar Products

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Shiva Shikhar Agriculture Co-Operative Ltd.


Shiva Shikhar Agricultural Co-operative Ltd. is a private agricultural co-operative firm serving across Nepal. The Co-operative provides loans, leases, export financing and other financial services to agribusinesses and rural areas in 35 districts all across Nepal. It is established with a view to supporting Agricultural needs of Nepalese people & economy.

Shiva Shikhar Agriculture Co-operative Ltd. is an associate of the Shikhar Organization, a nationwide network of the financial institution and retail lending associations chartered to support the borrowing needs of Nepalese agriculture and the nation’s economy. In addition to serving its direct retail borrowers, the organization also provides wholesale loans and other financial services to affiliated Farm associations serving approximately 25,000 farmers, other borrowers in 35 districts around the country.

Headquartered at Bhaktapur-17, Nepal serves customers from regional centers across the Nepal (Pokhara, Narayangarh, Dadeldhura, Dhangadi, and Kohalpur) and also maintains a mutual relation amongst other institution.


Deposit Overview

Fixed Deposit

The account which is opened for a particular fixed period (time) by depositing particular amount (money) is known as Fixed (Term) Deposit Account.

The term ‘fixed deposit‘ means that the deposit is fixed and is repayable only after a specific period is over.

Under fixed deposit account, money is deposited for a fixed period say six months, one year, five years or even ten years. The money deposited in this account cannot be withdrawn before the expiry of period.

The rate of interest paid for fixed deposit vary (changes) according to amount, period and from bank to bank.


Features of Fixed Deposit Account ↓

The main features of fixed deposit account are as follows: –

  1. The main purpose of fixed deposit account is to enable the individuals to earn a higher rate of interest on their surplus funds (extra money).
  2. The amount can be deposited only once. For further such deposits, separate accounts need to be opened.
  3. The period of fixed deposits range between 15 days to 10 years.
  4. high interest rate is paid on fixed deposits. The rate of interest may vary as per amount, period and from bank to bank.
  5. Withdrawals are not allowed. However, in case of emergency, banks allow to close the fixed account prior to maturity date. In such cases, the finance deducts 3% (deduction percentage many vary) from the interest payable as on that date.
  6. The depositor is given a fixed deposit receipt, which depositor has to produce at the time of maturity. The deposit can be renewed for a further period.

Advantages of Fixed Deposit Account


The advantages of fixed deposit account are as follows: –

  1. Fixed deposit encourages savings habit for a longer period of time…
  2. Fixed deposit account enables the depositor to earn a high interest rate.
  3. The depositor can get loan facility from the bank.
  4. On maturity, the amount can be used to make purchases of assets.
  5. The bank can get the funds for a longer period of time.
  6. The bank can lend such funds for short term loans to businessmen.
  7. Fixed deposits indirectly boost economic development of the country.
  8. The bank can also invest such funds in profitable areas.

Saving Deposit


Commercial banks (like Nepal Bank Limited, Rastriya Barnijya Bank Limited, Krishi Bikash Bank Limited etc.), co-operative banks (like Goodwill, Shikhar Deep, etc.), and postal departments accept deposits by way of opening saving bank account with them.

The ‘saving account‘ is generally opened in bank by salaried persons or by the persons who have a fixed regular income. This facility is also given to students, senior citizens, pensioners, and so on.

Saving accounts are opened to encourage the people to save money and collect their savings.

In Nepal, saving account can be opened by depositing NRS.100 (approx. US $1) to NRS. 5000 (approx. US $50). The saving account holder is allowed to withdraw money from the account as and when required. The interest which is given on saving accounts is sometime attractive, but often nominal.

At present, the rate of interest ranges between 4% to 6% per annum in Nepal. The interest rates vary as per the amount of money deposited (lying) in the saving bank account, scheme opted, and its maturity range. It is also subject to current trend of banking policies in a country.

Features of Saving Account

The main features of saving account in bank are as follows:

  1. The main objective of saving account is to promote savings.
  2. There is no restriction on the number and amount of deposits. However, in Nepal, mandatory PAN (Permanent Account Number) details are required to be furnished for doing cash transactions exceeding NRS. 100,000.
  3. Withdrawals are allowed subject to certain restrictions.
  4. The money can be withdrawn either by cheque or withdrawal slip of the respective bank.
  5. The rate of interest payable is very nominal on saving accounts. At present, it is between 4% to 6% p.a in Nepal.
  6. Saving account is of continuing nature. There is no maximum period of holding.
  7. A minimum amount has to be kept on saving account to keep it functioning.
  8. No loan facility is provided against saving account.
  9. Electronic clearing System (ECS) or E-Banking are available to pay electricity bill, telephone bill and other routine household expenses.
  10. Generally, equated monthly installments (EMI) for housing loan, personal loan, car loan, etc., are paid (routed) through saving bank account.

Advantages of Saving Account ↓

The advantages of saving account are as follows:

  1. Saving account encourages savings habit among salary earners and others who have fixed income.
  2. It enables the depositor to earn income by way of saving bank interest.
  3. Saving account helps the depositor to make payment by way of issuing cheques.
  4. It shows income of a salaried and other person earned during the year.
  5. Saving account passbook acts as an identity and residential proof of the account holder.
  6. It provides a facility such as Electronic fund transfer (EFT) to other people’s accounts.
  7. It helps to do online shopping via facility like internet banking.
  8. It aids to keep records of all online transactions carried on by the account holder.
  9. It provides immediate funds as and when required through ATM.
  10. The bank offers number of services to the saving account holders.

Recurring Deposit

Recurring deposit account is generally opened for a purpose to be served at a future date. Generally opened to finance pre-planned future purposes like, wedding expenses of daughter, purchase of costly items like land, luxury car, refrigerator or air conditioner, etc.

Recurring deposit account is opened by those who want to save regularly for a certain period of time and earn a higher interest rate.

In recurring deposit account, certain fixed amount is accepted every month for a specified period and the total amount is repaid with interest at the end of the particular fixed period.

Features of Recurring Deposit Account

The main features of recurring deposit account are as follows: –

  1. The main objective of recurring deposit account is to develop regular savings habit among the public.
  2. In Nepal, minimum amount that can be deposited is Rs.10 at regular intervals.
  3. The period of deposit is minimum six months and maximum ten years.
  4. The rate of interest is higher.
  5. No withdrawals are allowed. However, the bank may allow to close the account before the maturity period.
  6. The bank provides the loan facility. The loan can be given up to 75% of the amount standing to the credit of the account holder.

Advantage of Recurring Deposit Account ↓

The advantages of recurring deposit account are as follows: –

  1. Recurring deposit encourages regular savings habit among the people.
  2. Recurring deposit account holder can get a loan
  3. The bank can utilize such funds for lending to businessmen.
  4. The bank may also invest such funds in profitable areas.

 Mission & Vision Statement


Mission Statement

Our mission, as an integral member of the Farming Credit System, is to serve as a dependable provider of credit and other value-added financial services to agriculture and rural infrastructure businesses for the benefit of Nepalese Economy. The Modern way of farming, increasing the productivity for the farmer is focused on the new technological machinery, equipment & tools.

Our Vision

Shiva Shikhar Agriculture Co-operative Ltd. is a financially strong, dependable; cooperative that provides credit and financial solutions to rural Nepal. We are knowledgeable, responsive and committed to enhancing our capacity to deliver a superior customer experience and competitively priced products while maintaining the safety and soundness of the organization for future generations. We consistently demonstrate our focus on rural Nepal, repeatedly strive to be a trusted adviser for our customers and provide a consistent return on their investment and ownership.


Our Values

  • Commitment to our organization and the cooperative movement.
  • Integrity in the conduct of its business at all times.
  • Sustainability of the organization and the communities we serve is of paramount importance.
  • Professionalism is our way of dealing with our stakeholders.



Co-operative Governance

Co-op has created a model of cooperative governance recognizing the unique needs of the co-op world. Based on the results of the CDS Consulting Co-op’s board leadership team’s research and deep experience with food co-op boards, the Four Pillars of Cooperative Governance model (4PCG) offers directors and managers a framework for approaching their work grounded in cooperative values. Mark Goehring, board leadership development consultant with the CDS CC said, “It’s a capstone to decades of work.”

The 4 Pillars is a model that clarifies different components of cooperative-specific governance by defining four distinct roles and responsibilities. The Four Pillars of Cooperative Governance are teaming, accountable empowerment, democracy and strategic leadership.

Four Pillars of Cooperative Governance

A model is a way of framing so that the parts and processes make sense. The 4PCG is not about changing systems but is a new way of making sense of cooperative governance. The CDS CC Governance and Ownership Team (GO Team) thinks it addresses current gaps in strengthening owner relationships and democratic practices that are not clearly part of other

business or governance models.

Cooperative governance is the act of steering cooperatively-owned enterprises toward economic, social and cultural success. It consists of answering key questions, defining roles and responsibilities, and establishing processes for setting expectations and ensuring accountability.

The Four Pillars of Cooperative Governance are:

  • Successfully working together to achieve common purpose.
  • Accountable Empowerment. Successfully empowering people while at the same time holding them accountable for the power granted.
  • Strategic Leadership. Successfully articulating the cooperative’s direction/purpose and setting the organization up for movement in this direction.
  • Successfully sustaining a culture in which people choose meaningful ways to participate for both individual and common good.

Within a co-op, no matter what the role, the expectation is that everyone is responsible for working together effectively, to be accountable and able to empower others, be focused on purpose, and participate in ensuring a healthy democracy. It is what co-ops are working to achieve, not only in the board room, but in the workplace, and with members in the co-op. Governance—steering, making key decisions, working together for common goals—happens throughout the co-op at every level.

Therefore, 4PCG is a framework for connecting the co-op’s values to governance activities at all levels—staff, management, board and owners. Each of the Four Pillars—Teaming, Accountable Empowerment, Strategic Leadership and Democracy—are all relevant to each constituency in a co-op.


Agricultural Co-operative Core Values

Board members and associates of organization are committed to core values that are essential to achieving the Agriculture co-operative’s mission and vital to delivering on its value proposition



Honesty, trust and adherence to strong ethical standards are at the heart of everything we do. We conduct ourselves in the highest ethical manner, ensuring that our behavior in all matters is above reproach. We strive to maintain relationships with customers, associates, and partners that are sincere, honest and transparent.


Human Equity

At SSAC, our approach to attracting, retaining, and valuing our associates reaches beyond the traditional construct of diversity and inclusion to the concept of Human Equity.  Human Equity commits us to an appreciation of the unique characteristics and strengths that each of our associates brings to the business, in order to strengthen our organization and enhance the value and service we provide to our stakeholders.


Personal Excellence/Accountability

Every director and associate is critical to the success of our organization and is committed to the highest level of professional and personal performance.  We expect each to take responsibility for their decisions and actions.  As a cooperative limited and as a model corporate citizen, we consider customer, shareholder, partner, colleague and community needs in all decisions.




We believe in putting the goals of company and the Farming Credit System before the goals of any individual person or group of persons. In doing so, we accomplish far more as a team than as individuals.



As a member of a Shikhar Organization and a cooperative, we are driven every day to achieve our public policy purpose and live by the seven cooperative principles.  We recognize the diversity of our customer base, which includes agricultural cooperatives, producers, other agribusinesses, Farm associations, and rural infrastructure service providers of differing sizes, market sectors and business philosophies.  We rely on cooperative principles as beacons to do the right things, provide lasting value, go beyond merely fulfilling our mission and demonstrating concern for the communities and rural, urban areas we serve.


While our business is highly competitive and we must aggressively seek to maintain and grow our relationships, we will compete fairly and respectfully in the markets we serve.  In doing so, we respect the importance of individual privacy and the safekeeping of confidential information.

The awareness and welcoming of unique perspectives, experiences and skills help us foster an environment of inclusion, where our differences are respected and appreciated, in order to maximize each associate’s engagement and performance. 

Head Office (Shallahghari) 01-6615616, 6620616
Dhangadi 091-523932/523605
Kohalpur (Banke) 081-541155
Dadeldhura 096-410365
Chitwan 056-534248
Pokhara 061-520437