Kathmandu, March 25
A meeting of the Financial Sector Management and Coordination Committee led by Finance Minister Yubaraj Khatiwada today directed banks and financial institutions, as well as non-banking institutions, to halt the collection of principle and interest on loan disbursed in sectors hit by the coronavirus.
However, the government has not defined the sectors hit by the virus.
As businesses across the country, especially ones related to tourism, have been on complete halt due to measures adopted to halt coronavirus transmission, the moratorium on principle and interest payments is expected to give them short-term relief.
Similarly, the committee has also directed Nepal R
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