PM urges Microfinances not to Impose High Interest

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PM urges Microfinances not to Impose High Interest

December 2: Prime Minister KP Sharma Oli has urged microfinance institutions to join the government's bid for poverty alleviation, prosperity and nation development, according to news report published by Rastriya Samachar Samiti (RSS). 

Addressing a programme organized to mark the second microfinance conference in the capital on Decemebr 1, PM Oli reportedly said that microfinance institutions should expand their scope of works in rural areas. 
According to RSS, the PM argued that microfinance institutions should not impose high interest rates to the public as the objective of the establishment of such organizations was to uplift common people. Prime Minister Oli also assured the operators of microfinance institutions that the government would amend the laws if they were creating difficulties for operation. 
Prime Minister Oli also said the incumbent government had crafted clear vision for national development and it has laid emphasis accordingly. 
In a separate note, Prime Minister Oli argued that the two big summits recently held in Nepal and balanced foreign policy were creating investment-friendly environment in the country, RSS further wrote. 

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