Finance Minister urges banks to invest in productive sector
Biratnagar, April 19: Finance Minister Dr Yuba Raj Khatiwada has said banks remaining as development partners should bear commercial and social responsibilities.
In his address to a ceremony to distribute soft loans organised by the Nepal Bank Limited (NBL), State Office (State 1) here today, he was of the view that banking investment should in productive and capital-building sectors.
The finance minister advised banks to find ways for increasing banking transactions, which as he said keep the capital in circulation. He also took time to advise the NBL to increase its efficiency and competitiveness as per the need of time.
Bank's Board of Directors chair Basudev Adhikari pledged that the bank would promote employment and income generation- based enterprises.
On the occasion, nine individuals involved in women entrepreneurship; agriculture and livestock received the bank loan ranging from one million to 1.5 million.
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