Nepal Rastra Bank Announces Relief Packages

Nepal Rastra Bank Announces Relief Package:

Nepal Rastra Bank (NRB) has announced a concession to the economy as a result of the Coronavirus (Covid-19) infection.

According to that, the loan from the area affected by the loan will be repaid by mid-July. He said that the decision was made as there was an uncomfortable situation of paying off debt and interest. Shivaakoti has said that "the loan debt and interest payable on the balance will not be paid until mid-July."

If anyone wants to pay within the month of March, there will be a 10 percent discount on interest.

The Rastra Bank has also identified Corona affected areas and can bring special packages for those areas again. Also, the refinancing fund will raise Rs 60 billion and increase the refinancing facility, the Rastra Bank said.