NRA directs granting subsidized loan smoothly

Nepal Reconstruction AuthorityKathmandu / Oct 11: The National Reconstruction Authority (NRA) has directed the authorities concerned to make arrangement for providing subsidized loan of Rs 300,000 to the earthquake survivors in a smooth manner.

A meeting of the Council of Ministers held on Monday amended the working procedure-2017 on granting loan on group collateral for the construction of the house of earthquake victims.

The Cabinet decision to this effect has opened the way for survivors to obtain loan by keeping the under-construction house as collateral.

The NRA has also called on the authorities to arrange easy and smooth flow of loan to the end beneficiaries.

NRA Chief Executive Officer Prof Dr Govinda Raj Pokharel directed the Minister for Federal Affairs and Local Development, Ministry for Urban Development, Bankers’ Association and representatives of Office of Auditor General to ease the process for immediately granting subsidized loan to the earthquake victims for the reconstruction of private homes as per the working procedure approved by the Cabinet on Monday.

“The government has approved the working procedure so make necessary arrangement for providing subsidized loan to the beneficiaries in the list. There should be no efforts in any pretext to trouble the earthquake survivors”, Pokharel said while issuing instruction to the authorities concerned. RSS

Related News

Leave a Reply

टाइप गरेर स्पेस थिच्नुहोस् र नेपाली युनिकोडमा पाउनुहोस। (Press Ctrl+g to toggle between English and Nepali OR just Click on the letter). अंग्रेजीमा टाइप गर्न "अ" मा थिच्नुहोस्।

*
Advertise Section 7

TOP NEWSview all

Even though it’s late, victims will get something from the commission: Subedi

Cecil and Harambe; a lesson for Himalayan Republic

Trip Down under

We want real conversion of our students beyond religion: Fr. Boniface Tigga, Regional Superior of Nepal Jesuit Society

I am inspired by the kindness, decency and warmth of the people of Nepal: DeLisi