October 2, 2026, Friday
English

Resumption of interest subsidy on subsidized loans, payment of Rs. 10.58 billion by Rashtra Bank

Main News Image

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.

mediabaaji add

Related News

The price of gold and silver has increased, now how much do you need to buy one tola?

Kathmandu. The price of gold has increased in Nepali market today. Gold tola has increased by 2 thousand 800 rupees. According to the Nepal Gold and Silver Traders Federation, today, per tola is being traded at 2 lakh 93 thousand 300 rupees. Today...

Eastern tea industries closed after India's blockade, 60,000 jobs in crisis

Kathmandu. After India imposed an unannounced ban on Nepali tea exports, the tea industries of Elam and Jhapa have started to close down. 56 industries in Elam have already been closed, while more than 30 industries and about two dozen tea gardens...

Rumors of LP gas shortage are baseless: Managing Director Bhatt

Kathmandu. Chandika Prasad Bhatt, Managing Director of Nepal Oil Corporation, has said that the rumor of LP gas shortage is baseless. He posted on social media on Facebook on Wednesday not to believe the rumors that there is a shortage of LP gas i...

What is the foreign currency exchange rate for dollars, euros and pounds?

Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the information released by the Central Bank, today the buying rate of one US dollar has remained at 152 rupees 32 paisa and the sel...

15 in petrol and Rs 10 in diesel-kerosene

Kathmandu. Nepal Oil Corporation has increased the price of petroleum products. The corporation has increased the price of petrol by Rs 15 and diesel kerosene by Rs 10. After the price hike, petrol in Kathmandu valley has become 172 per liter and...

Saha, who was rescued alive from Trishuli-3 'A', says that there must be 40-50 people inside the tunnel

Kathmandu. Sanjay Sah, who was trapped inside the tunnel of the Trishuli-3 'A' hydropower project due to the devastating flood that occurred on August 10 at Bhotekoshi in Rasuwa, has said that there may still be people inside the tunnel. Sah and m...