Nepal Rastra Bank Eases Loan Assessment for SMEs and Agriculture

Kathmandu. Nepal Rastra Bank has introduced facilities targeting the agriculture and micro, small, and medium enterprise sectors by releasing the annual review report of the monetary policy for the fiscal year 2082/83. Under the new arrangement, the collateral valuation process for small loans has been simplified.A policy has been introduced to determine the loan repayment schedule for farmers in line with their production cycle.Collateral valuation for loans up to 1 million can be done by bank employees themselvesWith the objective of promoting agriculture and micro, small, and medium enterprises, the Rastra Bank has significantly facilitated the collateral valuation process. Now,...