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Cooperatives permitted to take one percent charges in loan investment


KATHMANDU:- The cooperatives have been permitted to take only one percent additional fee while providing loans. The Department of Cooperatives has taken this decision to be effective from upcoming 4 January 2020.
The department fixed this provision as cooperatives were reportedly taking additional charges in the name of service charges and others.
According to the Department’s official Shova Ghimire, the meeting held on Monday took this decision. Similarly, the cooperatives could not charge over 14.75 percent interest rate in their loan investment.
However, the cooperatives could charge 1.5 percent additional charge on loan investment on the basis of collective guarantee through creating groups.

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

For Indian tourists travelling by land:- 72 hours (-ve) C-19 report, CCMC form and Antigen Test at entry point

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Information for Indian tourists travelling by land:- 72 hours (-) C-19 report, CCMC form and Antigen Test at entry point