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Federation Calls For Waiver of Business House Rent: Nepal

Issuing a press release today, Federation chair Naresh Katuwal called for exempting house rent during the period of around six-month-long lockdown and restriction as the business and enterprises are on verge of collapse in the critical period.
National federation Trade & Commerce of Nepal (Image for representation)

N24 Staff Writer, KATHMANDU: The Nepal National Entrepreneurs’ Federation has demanded waiver of house rent to the entrepreneurs hit hard by the government-enforced lockdown and restriction to suppress the transmission of coronavirus.

Issuing a press release today, Federation chair Naresh Katuwal called for exempting house rent during the period of around six-month-long lockdown and restriction as the business and enterprises are on verge of collapse in the critical period.

“We demand complete waiver of interest of banks and cooperative organizations in the period of lockdown and restriction and also call for providing loan without collateral at five percent interest rate for the protection of COVID-affected industry and business”, he added.

The federation has also demanded to take initiative to bring the containers that have been blocked at Kerung for a year. Founded in 2073 BS, the federation has more than two dozen business associations across the country.

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