Monetary policy attempts to address economic effects of the Covid-19 pandemic

As per the policy, commercial banks need to lend at least 15 percent to the agriculture sector by mid-July 2023; 15 percent to micro, small and medium enterprises; and 10 percent to the hydropower sector of their total loans by mid-July 2024.

Nepal’s central bank on Friday unveiled rescue packages through its annual monetary policy to mitigate the economic effects of Covid-19, promising to help support businesses get back on their feet.