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Chandrasaprasad Dhakal, President of Federation of Nepal Chamber of Commerce and Industry, has said that the National Bank has come up with a positive monetary policy to facilitate credit expansion.
He said this while giving an initial response to News Agency Nepal after announcing the monetary policy for the current financial year 2081/082 published by Nepal Rastra Bank on Friday.
He said that the target of expanding credit to the private sector of 12.5 percent is positive. He welcomed the monetary policy as it addressed the problems of construction professionals through monetary policy.
He was of the opinion that making the process of calculating the good loan of the bank for 6 months and facilitating the loans taken from banks and financial institutions is a good aspect.
'It was seen that the target is to expand credit to the private sector of 12.5 percent . It was seen that the problems of construction workers were addressed through monetary policy. The process of calculating the bank's good loan was for 6 months. It was seen that it facilitated the taking of loans from banks and financial institutions. The foreign exchange reserve aims to support 7 months of imports, he said.
He said that the monetary policy will expand the credit of the banks and help to increase the demand .
'It is said that the current capital loan route guidance being raised by the private sector will be modified . Monetary policy has been positive. The limit of institutional loans in the stock market has been cancelled. That is why the monetary policy is positive . The problems in the construction sector had an impact on the overall economy. It has been addressed by the monetary policy," he said.
Monetary policy is trying to address the suggestions given by the federation, he said. "The provisions in the monetary policy are not included in the circular." The circular should also come accordingly. Monetary policy alone will not increase the self-strength of the private sector . A stable government including a stable government policy makes a difference. Monetary policy has come easy. It helps to increase self-strength to some extent, he said.
