Prime Minister Announces Legal Arrangements for Individuals or Groups Operating as Both Banks and Businessmen

Prime Minister Pushpa Kamal Dahal 'Prachanda' has highlighted the government's efforts to address potential issues arising when an individual or group simultaneously operates as both a bank and a businessman. During today's session in the House of Representatives, the Prime Minister responded to MPs' queries, revealing that the government has implemented legal and policy measures to tackle such challenges. He further mentioned ongoing initiatives for additional policy and legal reforms in this regard.

Emphasizing the need to mitigate risks associated with concentrated resources in limited households, Prime Minister Prachanda noted that setting a total loan limit for individuals or groups in the banking sector is part of the solution. He underscored that such measures aim to prevent a limited group from monopolizing returns, ensuring a more equitable distribution of resources. Additionally, the Prime Minister highlighted the positive impact of investments by industrialists and businessmen in various sectors, foreseeing increased production, employment opportunities, and improved accessibility to essential goods and services for the country.