The small
and cottage industries are still finding it hard to get financial access.
The participants
in an interaction here today on 'Access to Finance in Cottage and Small
Industries' organised by Federation of Nepal Cottage and Small Industries (FNCSI)
complained that the banks have not been easier to access for finance though
they have enough liquidity.
Even Agricultural
Development Bank Nepal, Nepal Bank and Rastriya Banijya Bank have been extending
only 6.4 per cent, 3.7 per cent and 4.4 per cent of their total lending,
respectively, to cottage and small industries, they said, adding that they are the
banks and financial institutions are charging high interest rates to cottage
and small industries. "Banks offer car loan at nine per cent but charge 12
per cent for cottage and small industries,” they added, asking the banks and
financial institutions to reduce the rate to eight per cent for small and
cottage industries.
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