Nepal Rastra Bank (NRB) has introduced the Refinancing Work Procedure, 2077 to allow small and medium scale industries to avail up to Rs 100 million in refinancing. The procedure has been introduced to prop up businesses that have been hard hit by the Covid-19 pandemic and lockdown.    
The loan will be provided in three categories of small and cottage industries, special and common industries. Business categorized as small and cottage industries can get loans for refinancing from banks and financial institutions (BFIs) at 5 percent interest rate.

Similarly, businesses categorized under special industry can avail loan at 3 percent interest rate from BFIs. Likewise, common industries can get loan for refinancing at 5 percent interest rate. According to NRB, small and cottage industries will can avail up to Rs 1.5 million in refinancing which goes up to Rs 100 million for special industry.