Trending Finance Posts
Stay updated with the latest news in the finance industry.

To support the main budget initiatives, the government creates special measures.

To assist in carrying out the major projects mentioned in the budget for the current fiscal year, the government has added additional provisions to the monetary policy.

As stated in the budget, the new policy will streamline financing procedures, particularly those for mortgages on agricultural commodities, according to Governor Mahaprasad Adhikari of Nepal Rastra Bank.

The program also expedites the application process for unsecured loans based on remittances that foreign nationals with valid work permits deposit into their bank accounts.

The policy includes provisions to enable members to receive refunds of up to Rs 500,000 and permits the mortgage of property in the names of family members of cooperative owners experiencing difficulties in order to address problems with savings and credit cooperatives.

In keeping with the budget's goals of encouraging young people to launch their own firms, a special arrangement has also been put in place to make capital more accessible to budding entrepreneurs.

Tags:
    Share: