Monetary policy 2077/78
Governor Maha Prasad Adhikari present monetary policy for 2077/78
Some of the key points of Monetary Policy 2077/78
- Farmer credit card to be issued via Agriculture development bank.
- Loan repayments period to be extended for COVID 19 affected industry
- Microfinance cannot charge interest more than 15%
- Microfinance license
- monetary policy has increased the Credit to Core Capital plus Deposit Ratio (CCD Ratio) from 80% to 85%
- Margin lending has been increased from 65% TO 70% and average period to be considered 120 days which is previously 180 days