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    Nepal Breaking NewsEconomy | FinanceMonetary policy ensures that refinancing for pandemic-affected industry continues

    Monetary policy ensures that refinancing for pandemic-affected industry continues

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    The government has promised continue refinancing -affected industries and businesses in fiscal year 2021/22.

    The Nepal Rastra Bank (NRB) released its monetary policy on Friday, and Governor Maha Prasad noted that the current fiscal year’s provision of refinancing pandemic-affected industry has been maintained.

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    “It has been determined continue the monetary policy this year so not to exceed the maximum limit imposed previous fiscal year,” Governor stated, adding that “refinancing facility will be on priority basis to micro, cottage, small and medium enterprises.”

    Meanwhile, the NRB indicated that it will assure the continuation of financing programmes for the restoration of industries such as tourism, communication, transportation, party palaces, gymnasiums, and the cinema and sectors that have been impacted by the coronavirus pandemic.


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