NRB gives away Rs 100 billion business continuity loan to Covid-19 affected businesses

KATHMANDU: The Nepal Rastra Bank has provided loans worth Rs 1 billion to the tourism and cottage industries affected by the Covid-19 pandemic.

The central bank confirmed that the business continuity loan has been extended to the pandemic-affected tourism, cottage, small and medium industries for payment of salaries to workers and employees in line with ‘Business Continuity Loan Procedure, 2077’.

Under this provision, Rs 1 billion loan has been approved as of mid-September, the central bank stated in the ‘Current Macroeconomic and Financial Situation of Nepal issued on Monday

Fiscal Nepal |
Wednesday October 27, 2021, 02:51:17 PM |

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