Resumption of interest subsidy on subsidized loans, payment of Rs. 10.58 billion by Rashtra Bank
Kathmandu. Nepal Rastra Bank has paid 10.58 billion rupees to 50 banks and financial institutions for concessional loan interest subsidy. The government has resumed the payment of the subsidy, which was stopped due to the abuse of concessional loans, after one year. After the formation of the new government, the Ministry of Finance released 9.80 billion rupees on October 5. According to the National Bank, the subsidy was paid on Wednesday after the data verification process was completed after the funds were received from the Ministry of Finance.
The government has been providing subsidized loans in various sectors such as youth self-employment, agriculture, education, tourism, and the underprivileged. There is a provision that the government will bear a part of the interest on this loan as a subsidy.
Express
Related News
As the price of gold and silver continues to rise, how much has it reached per tola today?
Kathmandu. The price of gold has increased in the Nepali market on Sunday. According to the Federation of Nepal Gold and Silver Dealers, compared to Friday, the price of gold tola has increased by 2800 rupees and has remained at 270 thousand 60...
The new exchange rate of foreign currency is set, what is the price of US dollar and pound?
Kathmandu. Nepal Rastra Bank has published the official exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one American dollar is fixed at 154 rupees 21 paisa and the selling rate is 154 rupees 81...
Here is the foreign currency exchange rate today
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for Wednesday. According to the National Bank, the buying rate of one US dollar has been fixed at 151 rupees 28 paisa and the selling rate is 151 rupees 88 paise. Simil...
Suspension of extra charges on health insurance renewal
Kathmandu. The Health Insurance Board has announced that it has temporarily suspended the system of charging additional fees to insured families who have not renewed their health insurance. According to the latest decision of the Insurance Board,...
9-point agreement between government and meterbay victims, suspension of 9-day long protest
Kathmandu. The protest against Meterbaz, which has been going on for the past 9 days, has finally been suspended after 9 points have been agreed between the government and the victims. After the 'Pedal Nyaya March' which started from Janakpur's Tr...
NMB Bank launched 'Softpos' service, card payments can be taken from smartphones
Kathmandu. NMB Bank has launched Softpos service for the first time in Nepal. According to the bank, any supported Android mobile phone can be used as a POS machine. Through this service, small and medium enterprises a...



