During a meeting with officials of the Pokhara office of
Nepal Rastra Bank and other banks and financial institutions, Pokhrel mentioned that the provincial government had included the provision of Social Security Fund in the policies and programmes for next fiscal year 2078/79. He further added that the fund was being continued to help small and medium enterprises recover from the effect of the COVID-19 and it will be given continuity for another three years.
He also requested the banks and financial institutions to provide loans to COVID affected businesses at a reasonable interest rate. Meanwhile, Chief Secretary Ramchandra Dhakal said that when the government invests Rs 1 billion then banks and financial institutions in turn can earn Rs 8 billion from that investment. Hence, this programme is very effective, he added.
Director of Pokhara office of Nepal Rastra Bank, Ishwori Prasad Bhattarai, informed that there were difficulties in implementing the programme initially as proper working guidelines had not been formulated but now it is being run in a smooth manner. He also informed that 6,778 applications worth Rs 7.66 billion had been submitted and agreements had been done for applications worth Rs 4.54 billion. Chief Minister of Gandaki Province, Krishna Chandra Nepali Pokhrel, has said that the Social Security Fund has been given continuity in the next fiscal year to help businesses recover from the impact of the coronavirus pandemic.
During a meeting with officials of the Pokhara office of Nepal Rastra Bank and other banks and financial institutions, Pokhrel mentioned that the provincial government had included the provision of Social Security Fund in the policies and programmes for next fiscal year 2078/79. He further added that the fund was being continued to help small and medium enterprises recover from the effect of the COVID-19 and it will be given continuity for another three years.
He also requested the banks and financial institutions to provide loans to COVID affected businesses at a reasonable interest rate. Meanwhile, Chief Secretary Ramchandra Dhakal said that when the government invests Rs 1 billion then banks and financial institutions in turn can earn Rs 8 billion from that investment. Hence, this programme is very effective, he added.
Director of Pokhara office of Nepal Rastra Bank, Ishwori Prasad Bhattarai, informed that there were difficulties in implementing the programme initially as proper working guidelines had not been formulated but now it is being run in a smooth manner. He also informed that 6,778 applications worth Rs 7.66 billion had been submitted and agreements had been done for applications worth Rs 4.54 billion.
