The RMDC Lagubitta Bittiya Sanstha Ltd. (Previously 'Rural Microfinance Development Centre Ltd.) is a second-tier microfinance organization in Nepal. It was registered on 30 October 1998 under the then ‘Company Act, 1996’ as a public limited company with the mandate to operate as a wholesale lending organization within the framework of the then ‘Development Bank Act, 1995’. RMDC was reregistered under the current unified banking law, the ‘Bank and Financial Institution Act (BFIA), 2006’ as a class ‘D’ financial institution. After completing the necessary pre-requisite ground work, RMDC commenced its lending operation in January 2000. Wholesale lending to MFIs is the main function of RMDC. Besides, it provides institutional capacity building supports to its partner MFIs and plays other necessary roles for promotion and development of microfinance sector in the country. Currently, RMDC is the largest wholesale lending organization for MFIs in the country as its outreach shares nearly four-fifth of the entire microfinance industry’s business in the country.