NRB guv for protecting COVID-hit businesses

nrb-guv-for-protecting-covid-hit-businesses

, NOVEMBER 1

Governor of Maha Prasad Adhikari has said that meaningful support was necessary for practical implementation of this year’s monetary .

At a visual interaction programme organised by the NRB today, Governor Adhikari added, “We are ready to revise the policy in case of some gaps in of implementation.”

Saying that the central bank has been presenting itself as a facilitator rather than a regulatory body to provide relief to businesses facing problems due to COVID-19, Adhikari urged banks, financial institutions and entrepreneurs to adopt the same sentiments and aspirations.

The NRB governor opined, “COVID has created a situation where entrepreneurs are on the verge of closing their businesses. We presented ourselves as facilitator rather than a regulatory body. We have been thinking that the central bank should safeguard entrepreneurs and industrialists.”He further said NRB had made a provision of Rs 200 billion for refinancing and added that Rs 148 billion of the amount would flow through banks and financial institutions.

Governor Adhikari also direc


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