FNCCI requests governor to extend deadline to repay loans



The has been requesting the to extend the deadline to repay their loans and interests citing that they have not been able to generate any income this year due to the COVID-19 pandemic and the months-long lockdown that was imposed by the government to curb the spread of the virus.

To further make their voices heard, a delegation of the of Nepalese Chambers of and Industry (FNCCI) met with Governor of Maha Prasad Adhikari today with half a dozen demands.

Among the demands put forth by the delegation, the major one was related to extending the deadline to repay loans and interests for three months, according to FNCCI. Prior to this, the federation had put forward the same request to the finance minister as well. The FNCCI has urged the governor to play a special role in simplifying the process of business continuity . It has also requested him to delay the provision of putting debtors on the watch list for two consecutive years so as not to blacklist them immediately.

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FNCCI has also been seeking a review in the credit rating of loans citing that the and have increased as other procedures need to be followed.

During the meeting with the FNCCI dele

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