Earthquake Victims to get loan upto 2.5 million

Kathmandu February 26- NRB has introduced a guideline that entitles owners, whose houses have become uninhabitable by the quakes, to credit at subsidised interest rate of two per cent. The ceiling on these loans, which could be obtained through banks and financial institutions, has been fixed at Rs 2.5 million for quake victims of Kathmandu Valley and Rs 1.5 million for victims residing outside the Valley.

On top of this, the government has pledged to extend a grant of Rs 200,000 to every owner whose house was destroyed by the quakes. This amount would be provided in three instalments of Rs 50,000, Rs 80,000 and Rs 70,000.

Also, the government has pledged to extend a credit of Rs 300,000 at a subsidised interest rate from selected banks and financial institutions to victims whose houses have been completely damaged.