BFIs told to halt loan recovery till mid-April


, March 25

As immediate relief to the in the country, the government has set a moratorium on principle and till mid-April.

A meeting of the led by Minister Yubaraj Khatiwada today directed , 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 R

Read the full story on The Himalayan Times

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