Nepal Chamber of Commerce denounces provisions of Rastra Bank in current capital loan provisions; calls it a massive blow to business expansion and economic growth of the nation

Nepal Chamber of Commerce has drawn the attention of Nepal Rastra Bank regarding its tight feet over the BFIs over their loan disbursement provisions. The chamber has issued a media statement to highlight the difficulties to which the businesses are being subjected in their expansion/growth with the current provisions.

As per the chamber, this provision will obstruct the business, will place a barrier on the procurement of required loans, contract the productivity of the industries and the economy as a whole and cut down on employment opportunities. The chamber also denounced the provision for a separate current account and loan account by the businesses that will add more pressure of interest on them, as per the media statement.