Central bank removes restrictions on larger enterprises to avail of refinance facility

After not getting enough applications from smaller businesses for the subsidised loan facility, it invites more larger enterprises to ask for the loans from the Rs200 billion

With less than expected demand for refinance facility for Covid-19 pandemic affected small businesses, the main target group, Nepal Rastra Bank has removed the mandatory provision that such enterprises need to be provided 70 percent of the total loans under the facility.