Rs 100 bln allocated for providing relief loan, reviving tourism sector

10 June 2020, Kathmandu

Minister for Culture, Tourism and Civil Aviation Yogesh Bhattarai says a fund of Rs 100 billion has been established for providing relief loan and reviving the tourism sector in the new budget.

Likewise, Rs 50 billion fund will also be managed for reviving the coronavirus-hit tourism sector.

Responding to queries as part of the Appropriation Bill at the House of Representatives on Tuesday, he said that tourist entrepreneurs can borrow loans. He also assured that tax and interest could be exempted in such cases.

He maintained that the government will also manage loans in five per cent interest to revive the tourism sector.

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