Deadline extended by three months for flood-hit borrowers

लगानी न्यूज

२७ आश्विन २०८३, मंगलवार १८:३९October 13, 2026

{{TAG_OPEN_div_20} Kathmandu. The Nepal Rastra Bank (NRB) has given three more months to the borrowers affected by the floods in the Bhotekoshi and Budhigandaki rivers to repay their loans. The central bank has made this provision with the aim of providing relief to the borrowers affected by the floods, business, projects and income.

Nepal Rastra Bank (NRB) has issued a circular to banks and financial institutions (BFIs) to extend the deadline for loan repayment to the borrowers of enterprises, projects and businesses in the flood-affected areas as well as those based on import and export through the Rasuwa customs point.TAG_OPEN_div_18

According to the Rastra Bank, this facility can be provided to the borrowers who have difficulty in paying installments by analyzing the impact on sales and income, cash flow and reserves due to the floods. In addition, a provision has also been made to make a realistic analysis of the utilization of the loan.TAG_OPEN_div_16

According to the new provision, the concerned banks and financial institutions can extend the installment of principal and interest to be paid by mid-October, 2083 till mid-January, 2083. This is expected to help reduce the immediate financial pressure of the businessmen and entrepreneurs affected by the floods.

The provision has been implemented by amending the consolidated directive in exercise of the powers given by Clause 79 of the Nepal Rastra Bank Act, 2058.TAG_OPEN_div_12

This provision has been implemented through a circular issued to licensed ‘A’, ‘B’ and ‘C’ class banks and financial institutions, microfinance financial institutions and infrastructure development banks.TAG_OPEN_div_10