
Kathmandu, 13 August: The Nepal Rastra Bank (NRB) has announced to waive penalty interest against the loan availed to the tourism industry affected by Covid-19 pandemic.
Unveiling the monetary policy on Friday, Governor of Nepal Rastra Bank Maha Prasad Adhikari announced to waive interest to the hotels, travel and trekking industry including travel industries dependent upon foreign tourists. The new facility will be applicable till the end of current fiscal year. He also announced to promote fiscal year 2021/22 as electronic transaction promotion year. The monetary policy focuses on developing necessary infrastructures and promoting awareness among people for the electronic payment.
The NRB has announced plans to maintain record of digital transactions and settle digital transactions that take place within the country by interlinking digital payment tools. The central bank has also announced plans to establish a national payment gateway to introduce payment cards.
People's News Monitoring Service
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