Respected all,
Greetings from CNI!
This is for your information that Ministry of Finance, Government of Nepal has finalized the "Business Continuation Credit Disbursement Procedure-2077".
This will facilitate to disburse the Fund (of 50 Araba), which was announced by the Government on the Budget of the current Fiscal Year for the continuation of business impacted by the COVID-19.
They have categorized the industries in 3 categories and have allowed up to 10 crore for most impacted industry. This fund is beside the refinance fund.
We are attaching herewith the Procedure for your ready reference.
With kind regards,
Yadav Prasad Poudyal
Director General
CONFEDERATION OF NEPALESE INDUSTRIES
5th Floor, Trade Tower, Thapathali, Kathmandu, Nepal
Phone: +977-1-5111122, 5111123, Fax:+977-1-5111125
Web: www.cnind.org