With just Rs1 billion in account, most of Rs50 billion fund to aid pandemic-hit sectors may be foreign loans

The government, five months after announcement to set up the economic rehabilitation fund, has made plans to use external loans that it can use at its discretion to lend to businesses at subsidised interest rates.

In his budget speech back in June, then finance minister Yubaraj Khatiwada had announced a Rs50 billion fund for economic rehabilitation of the pandemic-hit sectors.