NA members for safe loan release

Kathmandu, April 5: The members of the National Assembly have advocated for safe and easy release of loan.     

During a discussion on the 'Bill to Amend Safe Transactions Act, 2063' held on Friday, President of the Legislation Management Committee, Jayanti Devi Rai, suggested amendment in the bill so that loan release could be made easier and safer.     

"Lawmakers' stress is on ensuring effective loan flow", she said, viewing that policy arrangement should be in place for it.     

Likewise, lawmaker Bhagawati Neupane has suggested amendment of the bill to ease multiple loans on the same mortgage.     

Taking part in the discussion, lawmaker Kiran Babu Shrestha pointed out the need for developing a standard for mortgage assessment. In lawmaker Padam Pariyar's view, new legal procedure was needed to guarantee marginalized communities' easy access to loans.     

On the occasion, financial expert Suman Acharya said financial transactions should be more secure in the changed context of economic activities which are influenced by globalization, liberalization and information technology impacts.     

According to him, cereals and minerals could also be kept as collateral. (RSS)