Nepal Rastra Bank (NRB) has called for application for refinancing facility to the Banks and Financial Institutions (BFI’s) through a circular issued on October 31. This facility will be provided to highly affected sectors such as tourism, aviation, entertainment, agriculture, readymade garment, artisan, education consultancy, foreign employment agency, transportation and moderately affected sectors like durable good production industry, medical sector, storage, forest industry, construction, printing and hydro.
The NRB has been implementing the policy it has pledged through a monetary policy of 2021/22 to provide impetus to the recovery of the business affected by COVID-19.
Deputy spokesperson of the NRB Narayan Prasad Pokhrel informed that the government had pledged to provide Rs. 212.88 billion in the current monetary policy. Out of this, Rs. 112.91 billion has remained outstanding. He said that now the NRB is providing the remaining Rs. 99.917 billion as a refinancing facility for which it has been offering through notice.
Source : TRN,
