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