Borrowers in the earthquake-affected districts of Jajarkot and Rukum engaged in projects or residing there will now be eligible for loan restructuring if they are unable to repay their loans, according to Nepal Rastra Bank’s Monetary Policy for fiscal year 2082/83.
Borrowers operating businesses or projects in the earthquake-affected areas of Jajarkot and Rukum, as well as residents of these regions, who are unable to repay their loans, will be granted loan restructuring facilities. This was announced by Nepal Rastra Bank Governor Prof. Dr. Bishwanath Paudel during the unveiling of the Monetary Policy for the fiscal year 2082/83.
According to Governor Paudel, borrowers who have taken loans from banks and financial institutions but are unable to repay them can restructure their loans based on their needs and justification. The restructuring process will involve analyzing the borrower’s cash flow and income, with a minimum recovery of 10 percent of the interest amount before the loan rescheduling or restructuring is approved.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
