The government has given priority to banks to merge. The priority is to merge with each other to make the bank finance more manageable. Announcing the budget for the new year, Finance Minister Dr. Yuvaraj Khatiwada has made the announcement.

Issues covered by the budget for the banking and financial sector

The size of concessional loans has been increased

Electronic payments will be given priority

To increase cashless transactions

The scope of insurance will be expanded

Agricultural insurance will be increased through mobile insurance program

National Gateway Payment System will be implemented

Most government and public payments will be made electronically

Banks will be facilitated to bring loans from abroad

Encouragement of merging bank finance

The government will provide loans at 5 percent interest to Corona-affected businessmen. For this, a refinancing fund of Rs. 100 billion has been set up in NRB. Through this, loans will be provided at concessional interest rates.

The government has made arrangements to provide concessional loans to 10 people from each branch of each commercial bank and at least 5 people from each branch of the development bank.