Nepal, March 4 -- Loans for commercial fruit farming will include a "general loan loss" provision of only one percent from now on.

Nepal Rastra Bank has issued unified directives to Class A, B, and C banks and financial institutions, applying this provision to loans taken for cultivating items such as silk, jute, cotton, mangoes, oranges, pomegranates, apples, kiwis, dragon fruit, lemons, lychees, and avocados.

Published by HT Digital Content Services with permission from Republica....