Few takers show up for loans under Business Continuity Credit Plan

The scheme allows firms left cashless by Covid-19 to borrow funds to pay their employees.

Sanima Bank last week approved a loan worth around Rs10 million for a hotel under the government’s Business Continuity Credit Plan. The scheme allows micro, small and medium enterprises and tourism businesses left cashless by Covid-19 to borrow funds to pay their employees. Borrowers have to pay 5 percent interest the first year and 6 percent the following year.