NRB Brings Relief Package amid Fears of COVID-19

Mar 30, 2020 08:50 AM Merolagani

Nepal Rastra Bank has brought a relief package targeting the areas affected by pandemic COVID-19.

The global health crisis COVID-19 has affected badly in sectors like tourism, industry, trade, business and financial sectors of the country.

By exercising the authority given by Nepal Rastra Bank Act, 2058 section 79, the central bank has relaxed various provisions related with COVID-19 affected areas of A, B, C and D listed banks and financial institutions.

Under the relief package, borrowers who pay their loan installment by the end of Chaitra will be given 10 percent discount. Similarly, the tourism and transportation entrepreneurs will be granted new loan even though they default their loan installment since Poush 2076.  


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