FNCCI’s Monetary Policy suggestions to NRB

A delegation under the leadership of FNCCI President Shekhar Golchha submitted suggestions to the Governor of the Nepal Rastra Bank, Maha Prasad Adhikari, for the upcoming fiscal Monetary Policy. “The concept of project loan should be introduced for the expansion of such enterprises and startups as such enterprises have around 22% share in the country’s economy,” stated Golchha. He shared that the FNCCI has been carrying out a feasibility study about project loan and it would be submitted to the NRB soon. National Economic Transformation (NET) 2030 prepared by the FNCCI has been made the basis while preparing suggestions for the upcoming monetary policy. The FNCCI also suggested the NRB give continuity to the policy adopted for Covid 19 recovery as well as place priority on project loans for SME entrepreneurs and expansion of digital banking. The FNCCI has suggested that the Monetary Policy focus on increasing liquidity in the market and to maintain single digit interest. Senior President of FNCCI, Chandra Prasad Dhakal, Vice-Presidents Dinesh Shrestha, Anjan Shrestha, Ram Chandra Sanghai, and high ranking officials of Nepal Rastra Bank were present on the occasion.