Nepal Chamber of Commerce once again denounces provisions of Rastra Bank to hike the interest rate; calls in to save the national economy and SME sector

Nepal Chamber of Commerce has once again urged the Nepal Rastra Bank to roll back the new provisions that have led to interest hikes among the banks and financial institutions claiming that the additional hike in the interest rate has struck an irreversible blow to the industrial sector of the nation.

Claiming that the new directives that the Rastra Bank is expected to roll out from the month of Kartik will give a massive blow to the SME sector as well as the export-based industries, the chamber has urged the central bank to provide business-friendly loan policies, as per the media statement.