Kathmandu. KATHMANDU: The Banking Sector Reform Advisory Task Force has suggested the Nepal Rastra Bank (NRB) to adopt a flexible policy to stabilize the sluggish economy.

The report submitted by the task force has made such a suggestion. For this, the task force has given 9 different suggestions.

Here are the suggestions

• Relaxation or relaxation of policies necessary to revive the sluggish economy in such a way that the interests of depositors are not compromised.
• To take responsibility for the remaining government grants of the concessional loan program (to be reimbursed from dividends) immediately.
• Some businesses are closed after Covid and some are operating on a small scale, so to arrange more loans for those who want to resume business and increase scale.
• To make arrangements for restructuring and rescheduling of secured loans in such a way that the interests of depositors are paramount.
• in rural areas. Rs. 5 lakhs in urban areas and Rs. 5 lakhs in urban areas. Arrangements should be made to get business loans up to Rs. 10 lakhs from banks and financial institutions with appropriate collateral.

The limit of group loans provided by microfinance institutions and collateral-based entrepreneurial loans should be increased.TAG_OPEN_li_20

• Loan policy should be taken to encourage young people in IT and start-up business.
• Blacklisting rules should be reviewed and improved.
• Mechanism should be developed to coordinate effectively with the private sector.