Govt waives 4 billion loans

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Govt waives Rs 4 billion loans The Ministry of Finance has said that the government has waived Rs 4 billion in loans of small farmers and small entrepreneurs. The decision to this effect was taken in accordance with the Debt Relief Programme announced in this year's budget. It is also informed that the government has so far provided loan relief to 181,209 small borrowers. Out of the total waived amount, Rs 2.55 billion was in form of principal while the remaining Rs 1.50 billion was outstanding interests and penalties, it is learnt. The government in its budget presented for this fiscal year had announced a loan waiver of up to Rs 30,000 in principal amount for those small farmers and entrepreneurs who were affected by conflicts. Likewise, the budget had also announced exemption of interest due and all penalties on the loan amount exceeding Rs 30,000 and up to Rs 100,000.

technokid · Feb 17, 2009 10:23 AM · 6,509 views

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Tesko bauko k janchha ra ??  

gurkha's · Feb 17, 2009 12:34 PM

Is not it unfair to distribute tax money to loan defaulters? If the government want to use relief fund, it can distribute to all citizen equally. What does government has for those people who paid back loan or who struggled hard not to be buried under the loan? काम पनि कस्तो मुर्ख मुर्ख काम गर्या होला, विद्वान अर्थमन्त्री रे, भुत्राको विद्वान !!! लोन नतिर्नेलाइ पाता फर्काएर कार्वाही गर्ने त कहाँ हो कहाँ उल्टै पुरस्कार ?? लोन तिर्नेलाइ चै खोइ नि ? लोनै नलिनीलाइ चै खोइ नि ? लोन नतिर्नेको १००० रुप्या माफ गरे लोन तिर्निलाइ ब्याजस्याज समेत जोडेर २००० रुप्या दिनु पर्छ, लोनै नलिनीलाइ त झन ३००० रुप्या नै पो दिनु पर्छ, हैन लोन चै लिने अनि नतिरेपनि हुनि भए हामीलाइ पनि चाइयो लोन १००० रुपे भए १०००, करोड भए करोड, तिर्नै नपर्ने र'छ , हा हा

CT. · Feb 17, 2009 5:49 PM

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Govt waives 4 billion loans

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