Government, victims of microfinance institutions sign six-point agreement

The government and the victims of microfinance institutions have signed a six-point agreement on Friday.

Government’s talks team coordinator Narayan Prasad Risal and central chairman Punaram Gyawali from the agitating side signed the agreement.

Following the agreement, the protest programs have been postponed.

It has been agreed that the microfinance institutions can charge the interest rate and service fee from the borrowers as per the Nepal Rastra Bank’s directives.

Earlier, the Finance Ministry had formed a committee under the headship of Joint Secretary Narayan Prasad Risal to hold talks with the microfinance victims.

Finance Minister Barsaman Pun has directed the Finance Committee of the Legislature-Parliament to hold talks with the victims and submit a report with ways to address their demands.