The National Bank has provided such a facility for the implementation of monetary policy arrangements.
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Construction entrepreneurs of projects whose construction has begun after securing resources from public bodies will be eligible for loan rescheduling and restructuring. The Rastra Bank has provided such a facility for the implementation of monetary policy arrangements. In the case of loans related to construction businesses that have been secured by public bodies and the construction work of the project has been completed or construction work is underway but payment is yet to be received, the bank may, upon the request of the borrower, analyze the cash flow and recover at least 10 percent of the interest to be paid based on the need and justification, and subject to the following conditions, reschedule and/or restructure the loan. Such rescheduling and/or restructuring must be completed by mid-Asoj 2083. As per the instructions, the rescheduling and/or restructuring may be carried out by the bank upon the request of the borrower. A minimum of 5 percent loan loss provision should be maintained for restructured loans. However, in the case of loans classified as non-performing, the previous loan classification and loan loss provision should be maintained accordingly. It is directed that documents for payment pending receipt should be obtained from the concerned public body.
