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Government’s Decision for Tourism Sector Development

Government’s Decision for Tourism Sector Development – Nepalayatimes

Government’s Decision for Tourism Sector Development
Government’s Decision for Tourism Sector Development, Photo Nepalayatimes

Kathmandu – Nepal Government has facilitated some provision to uplift COVID-19 affected tourism industries. The government has addressed the tourism sector’s problem through the monetary policies 2020/21, which published last Friday. Here are some points, which are directly addressing tourism industries.

1. Tourism sector to get easy availability of loans
The tourism sector will get concessional loans and arrangements have been made to pay the old interest and installment after one year. The monetary policy has stated that priority will be given to the flow of current capital loan, concessional loan, and refinancing for the revival of the aviation business, transport, hotel, restaurant, and other tourism enterprises affected by the COVID-19 crisis. In case of a lack of capital to complete the construction of projects related to the tourism sector, the provision will be made for easy availability of loans from banks and financial institutions for such projects. WATCH ON VIDEO

2. 50 billion rehabilitation funds to pay wages of workers in the tourism sector
The government has set up a Rs 50 billion rehabilitation fund to pay wages to workers in tourism-related industries affected by the coronavirus. Governor Maha Prasad Adhikari informed that the monetary policy made public by Nepal Rastra Bank has made arrangements to take loans from various banks at 5 percent interest.

3. To provide a 75% discount to airline companies on parking
The decision of the ministry council meeting government has been ready to provide 75% discount to airline companies on parking

 

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