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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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December 24: The government has started managing source of funds for effective implementation of programmes aimed at providing concessional loans to the sectors affected by coronavirus. However, the amount allocated for this purpose has been found to be too little.
According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel.
The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.
According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.
Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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Warning (2): simplexml_load_file() [<a href='http://php.net/function.simplexml-load-file'>function.simplexml-load-file</a>]: I/O warning : failed to load external entity "" [APP/View/Elements/side_bar.ctp, line 133]
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<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
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'content' => '<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">December 24: The government has started managing source of funds for effective implementation of programmes aimed at providing concessional loans to the sectors affected by coronavirus. However, the amount allocated for this purpose has been found to be too little.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the Ministry of Finance, the government has spearheaded the work of securing source of investment for disbursing the Business Continuity Loan at the behest of Finance Minister Bishnu Poudel. </span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">The government last month endorsed the Business Continuity Loan Disbursement Work Procedure five months after announcing the annual budget. Finance Minister Poudel has already instructed Nepal Rastra Bank to release the loan in accordance to the work procedure.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">According to the finance ministry, the account created to collect funds for the disbursement is certain to receive Rs 15.5 billion for the purpose. Nepal Oil Corporation has already deposited Rs 5 billion, Nepal Rastra Bank has deposited Rs 3 billion, Citizens Investment Trust has deposited Rs 2 billion and the Deposit and Loan Security Fund has deposited Rs 2 billion so far. Officials of the finance ministry say that the Nepal Reinsurance Company has pledged Rs 1 billion while the Employee Provident Fund will be providing Rs 1 billion and the government will also provide an equal amount for supporting the sectors affected by the pandemic.</span></span></span></span></p>
<p><span style="font-size:10pt"><span style="font-family:Times"><span style="font-size:14.0pt"><span style="font-family:"Arial Unicode MS"">Although the fund has received commitment of Rs 30 billion, the amount is yet to be deposited, informed Secretary Sishir Kumar Dhungana, chairman of the Business Continuity Loan Disbursement Committee.</span></span></span></span></p>
<p> </p>
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