Government Forms Committee to Address Usurious Lending Issues
Kathmandu. The Government of Nepal, in its Council of Ministers meeting held on Ashad 32, 2083 BS, has made a decision to solve the problems of citizens affected by improper lending (meter-byaj).
The government has decided to form a negotiation team to address the demands of citizens affected by meter-byaj and to advance necessary dialogue with them.
The team has been formed under the convenership of Pushkar Sapkota, Secretary of the Prime Minister and Council of Ministers Office. Secretaries from the Ministry of Finance, Ministry of Home Affairs, Ministry of Land Management, Cooperatives and Poverty Alleviation, and Ministry of Federal Affairs and General Administration will be members of the formed negotiation team.
This team aims to find a proper and permanent solution to the problem by holding direct talks with the meter-byaj affected parties.
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