Kathmandu. KATHMANDU: The Banking Sector Reform Advisory Task Force has suggested the Nepal Rastra Bank (NRB) to adopt a flexible policy to stabilize the sluggish economy.
The report submitted by the task force has made such a suggestion. For this, the task force has given 9 different suggestions.
Here are the suggestions
- Relaxation or relaxation of policies necessary to revive the sluggish economy in such a way that the interests of depositors are not compromised.
- To take responsibility for the remaining government grants of the concessional loan program (to be reimbursed from dividends) immediately.
- Some businesses are closed after Covid and some are operating on a small scale, so to arrange more loans for those who want to resume business and increase scale.
- To make arrangements for restructuring and rescheduling of secured loans in such a way that the interests of depositors are paramount.
- in rural areas. Rs. 5 lakhs in urban areas and Rs. 5 lakhs in urban areas. Arrangements should be made to get business loans up to Rs. 10 lakhs from banks and financial institutions with appropriate collateral.
- Loan policy should be taken to encourage young people in IT and start-up business.
- Blacklisting rules should be reviewed and improved.
- Mechanism should be developed to coordinate effectively with the private sector.
The limit of group loans provided by microfinance institutions and collateral-based entrepreneurial loans should be increased.TAG_OPEN_li_20
