FNCCI urges NRB Governor to Extend Deadline for Payment of Loan

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FNCCI urges NRB Governor to Extend Deadline for Payment of Loan

January 19: A delegation of the Federation of Nepalese Chambers of Commerce and Industry (FNCCI) held a meeting with Nepal Rastra Bank’s governor Maha Prasad Adhikari on Monday (January 19). During the meeting FNCCI members requested NRB Governor Adhikari to extend the deadline for payment of loan and interest by three months till mid-April.

FNCCI President Shekhar Golchha informed that the industrialists and businessmen have been affected due to the dilly-dallying of banks and financial institutions to provide services in accordance to the government’s policy.

FNCCI also said that the central bank must play a special role to ensure that the business continuity loan is made available without any hassles. The delegation also informed Governor Adhikari that some banks and financial institutions have blacklisted businessmen under different pretexts. They also urged the governor not to keep the borrowers who have suffered business losses for two years under “watchful list”.

FNCCI also pointed out to the need of extending the ceiling of online payment and to ensure proper safety.

During the meeting, Governor Adhikari assured FNCCI members that the central bank will collaborate with them for revitalizing the businesses and industries affected by Covid-19.


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