My Republica, February 24, 2022
KATHMANDU: Nepal Rastra Bank (NRB) has extended the deadline for the banks and financial institutions (BFIs) to inject investment in specified sectors by up to two years.
Revising the unified directive on Wednesday, NRB has asked the BFIs to provide at least 15 percent of their loans to the agriculture sector by mid-July 2025. The central bank has also raised the minimum limit of the loans to be provided in agriculture by the end of the current fiscal year by one point percent to 12 percent.
With the revised provision, the BFIs will have to lend at least six percent in the energy sector and 11 percent in micro enterprise and cottage and small industries by this fiscal year end. The limits in these sectors have been fixed at 10 percent and 15 percent respectively in the next three year.