The Nepal Rastra Bank has provided this facility to borrowers affected by the floods and landslides in Ilam and other districts.
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Businesses/businessmen from Ilam, which was hit by the recent floods and landslides, and other districts affected by natural disasters will be able to restructure/reschedule loans.
However, for this, they will have to pay at least 10 percent of the outstanding interest. The National Bank has provided this facility especially for borrowers affected by the floods and landslides in Ilam and other districts.
‘A one-time restructuring/rescheduling of loans disbursed to enterprises/businesses in Ilam and other districts affected by the recent floods/landslides will be made by banks and financial institutions by charging a minimum of 10 percent interest,’ the National Bank has said.
