Banking News – The Central Economic Department of the Rastriya Swatantra Party (RSP) today held a discussion with leaders of the microfinance sector to address the problems, challenges, and opportunities faced by microfinance institutions.

According to the party, microfinance institutions have been providing services to 65 lakh households, expanding 70 percent of their services in rural areas, providing direct employment to 22 thousand people through 5 thousand branches, and contributing to production, productivity, and employment opportunities, especially in rural areas.

The discussion focused on the immediate policy initiatives needed in the microfinance sector, including the rising NPL (Non-Performing Loan) problem, institutions currently in distress due to past issues of multiple financing, and the review of the Microfinance Policy 2064.