The Nepal Rastra Bank (NRB) has approved refinancing worth Rs 65.69 billion in three months aimed at providing respite to the COVID-19-affetced industries and enterprises.
According to the NRB, the banks and financial institutions had called for applications for refinancing facility and demand was made for Rs 69.4 billion as of mid-October but Rs 50 billion was approved.
Likewise, for the refinancing to be provided on the basis of customer's evaluation, Rs 55.25 billion was demanded while approval was made for Rs 15.62 billion.
Governor of the Nepal Rastra Bank Mahaprasad Adhikari said that provincial balance was maintained while providing subsided loan and it was made sure that the targeted area and communities benefited from the refinancing facility.
Governor Adhikari shared that from remote districts like Taplegunj, Baitadi, Darchula to relatively lesser remote districts and municipalities and rural municipalities in those districts were incorporated for the refinance scheme.
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