BFIs

Central bank simplifies concessional loans; Interest subsidy to returnees, SMEs

KATHMANDU: Nepal Rastra Bank (NRB) has issued Circular No. 3 (FY 2081/82), consolidating and clarifying provisions under the concessional credit framework for returnee migrant workers, youth self-employment, and cottage & small enterprises. The central bank instructs banks and financial institutions (BFIs) to implement the Government of Nepal’s (GoN) interest-subsidy...

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