Nepal Government Includes Bank Borrowers in Deal with Microfinance Victims Group Led by Durga Prasai

The Nepali government has entered into agreements with groups representing microfinance victims, with a recent deal involving Durga Prasai's faction extending to encompass borrowers of banks and financial institutions. This marks a broader scope than previous agreements signed in July and August.

The government has been working to resolve issues faced by microfinance victims, signing separate deals with three distinct groups over the past two months. The latest agreement, involving Prasai, notably includes provisions for individuals who borrowed from banks and financial institutions, not solely those affected by microfinance schemes.

This expanded scope suggests a more comprehensive approach to addressing financial grievances, moving beyond the specific context of microfinance to include a wider range of borrowers facing difficulties with financial institutions.