Nepal Rastra Bank (NRB) has revised the guidelines related to working capital loans with the coming of the new government. With the formation of the new government, Prime Minister Pushpa Kamal Dahal yesterday agreed to reduce the interest rate gradually in the future and revise the current capital loan guidelines through discussions with Finance Minister Bishnu Paudel and NRB Governor Maha Prasad Adhikari. Accordingly, the National Bank held a press conference on Wednesday and amended some of the existing arrangements.
Gunakar Bhatt, spokesperson of the bank, informed that Rastra Bank has revised 5 points by holding a press conference on Wednesday. The guidelines have been amended so that businessmen who have taken more loans than the limit can repay the loan in 5 installments by June 2082. The National Bank has said that there will be no restructuring and rescheduling of this loan.
According to the revised guidelines, the guidelines are not applicable in the case of working capital loans below Rs. Similarly, in case of loans above 2 crores, it has been arranged that guidelines will be applied.
The government and Nepal Rastra Bank, under pressure from businessmen, have revised the current capital loan guidelines less than three months after its implementation. Nepal Rastra Bank has said that most of the indicators of the country’s economy are moving towards improvement. The National Bank said that the economy has improved after the formation of the new government.
Rastra Bank Spokesperson Dr. Gunakar Bhatt said that the country’s economy is returning to normal, the problem of investable funds (liquidity) is also easing, and the lack of external sector that has been seen for a long time is now less.
