MP Ugyen Wangdi questions functioning of NCGS amid rising NPL cases to Finance Minister
Channel: Druk Phuensum Tshogpa
Date: 2022-06-07

Responding to the question on suspension of loans, the Finance Minister clarified that the stand was taken as a temporary remedial measure to resolve the high non-performing loans (NPL)issues. The Ministry along with the Royal Monetary Authority is currently exploring other means of resolving the issue. With regards to the NCGS, the scheme was instituted to provide access to collateral-free finance to those prospective entrepreneurs. 
He informed that the credit guarantee support was being provided to agriculture, livestock, production & manufacturing, and service sectors to generate employment and enhance import substitution. He said to ensure the success of the support the loans are being disbursed based on the progress in the field.