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Demand from Nepal Rastra Bank to keep the film sector in the Corona affected area

Filmmakers have been demanding the government to keep the neglected film sector in the Corona-affected area, even in the budget for the current fiscal year.
Nepal Rastra Bank

KATHMANDU: Most areas of Nepal have been affected due to corona. The main economic pillars of the country such as tourism, trade, business, industry, construction, and agriculture have been shaken. Corona has also exhausted the Nepali film industry. There has been no activity here since the lockdown.

However, unlike other sectors, the government has not placed the film sector in the Corona-affected area.

Filmmakers have been demanding the government to keep the neglected film sector in the Corona-affected area, even in the budget for the current fiscal year. Meanwhile, a team of Film Producers Association, Film Technical Association, and Film Artists Association met the newly appointed Governor of Nepal Rastra Bank Maha Prasad Adhikari on Wednesday and appealed to keep the film sector in the worst affected areas.

On behalf of the Producers’ Association, Chairman Aakash Adhikari in a memorandum submitted to the Governor has demanded the concessional banking loan, banking loan rescheduling, 50 percent discount on interest during the lockdown period, and the extension of the old loan period be extended by six months providing proper assistance to the affected areas.

The producers’ association has also demanded a 50 percent project bank loan for the film. Governor Adhikari assured us to make every effort to address the problems of the Nepali film sector, according to film-related organizations. It is understood that the Ministry of Information and Communication has also written to the Ministry of Finance to keep the film sector in the Corona affected area.

Published Date: Thursday, July 16th, 2020 | 09:38 AM

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