Cheap loans to manufacturing, information technology and tourism

``In the system where the interest rate cannot be determined by adding a premium of more than 2 percentage points to the base rate for loans to micro, domestic, small and medium enterprises, agriculture and industries based on indigenous raw materials up to 2 crores, supporting industries for agriculture, production of agricultural tools, information technology, tourism, etc. The relevant areas will be reviewed to add more,' said the governor's official. The Rastra Bank has said that arrangements will be made for easy lending even in the mortgage of agricultural produce mentioned in the budget statement of the Government of Nepal for 081/82.

Similarly, the Rastra Bank has announced that if the institution invested by private equity and venture capital is unable to repay the loan due to any reason and gets blacklisted, the private equity and venture capital that invests will not be blacklisted. "The time period of the arrangement to adjust the loan by doing 'variance analysis' mentioned in the current capital loan guidance will be increased," said the governor officer.

Similarly, it is also said to classify loans to industrial businesses that regularize principal-interest payments of closed industrial loans. It is mentioned that loans will be classified to industrial businesses that regularize the principal and interest payments of loans even though the industrial business is closed due to circumstances. Necessary facilitation for risk management will be done," the policy said. As mentioned in the budget of the current financial year, the government has said that it will facilitate easy and simple access to credit to promote entrepreneurship among the youth.

As mentioned in the budget statement for the financial year 2080/81, the process of foreign investment will be simplified and facilitated in the policy. For this, Nepal Rastra Bank has said that necessary amendments will be made in the foreign investment and foreign loan management regulations. As stated in the budget statement, it is mentioned that the monetary policy will arrange for the provision of easy credit on the mortgage of agricultural produce.

Similarly, the monetary policy is designed to maintain financial stability by emphasizing on lending to the productive sector and improving the quality of credit. According to the monetary policy, 13.2 percent of the total loans invested by commercial banks in the end of May 2081 are in the agricultural sector, i.e. 5 trillion 82 billion 49 million, and 9.2 percent are in the micro, domestic, small and medium enterprise sector, i.e. 4 trillion 7 billion 28 billion.

Similarly, 26 percent of the total loans from development banks in agriculture, micro, domestic and small enterprises/businesses, energy and tourism sectors, i.e. 1 trillion 25 billion 83 crores, and 21.6 percent i.e. 19 billion 380 million loans from finance companies are in investments. . Similarly, the monetary policy has said that it will study the existing arrangements related to gold import and sale distribution. It is mentioned that the existing arrangements for silver import will be reviewed from time to time. It was mentioned that the National Bank will study last year's monetary policy. But it is mentioned that the review process is still under study. Similarly, the monetary policy has estimated the growth rate of the agricultural sector to be satisfactory in 2081/82. It is estimated that the growth rate of the agricultural sector will also increase as the planting is satisfactory compared to the past.

According to the Department of Agriculture, 68.6 percent of rice planting has been completed by June 31, 2081. Till June 29 of last year, 56.5 percent planting was done. Monsoon is active and it is estimated that there will be more than average rainfall during this period,' said the monetary policy, 'the availability of chemical fertilizers is easy and the price uncertainty is removed by the government setting the minimum support price for rice, the growth rate of the agricultural sector is expected to be satisfactory in 2081/82.'