Upon RMA’s directive on “Monetary Measures in response to COVID-19 outbreak” on 14th April 2020, with full cooperation and support from all the Financial Service Providers (FSPs).
LOANS TO COTTAGE AND SMALL INDUSTRIES
The National CSI Development Bank shall provide the following loans for 3 months (from April to June 2020) to help Cottage and Small Industries:
1. Microloans i.e. loans up to Nu. 500,000 at an interest rate of 2% per annum to promote Renewable Natural Resources (RNR)/Agriculture and rural activities.
2. Working Capital loan to CSIs at an interest rate of 4% per annum.
*Only clients with good credit standing (performing loans) as of 29th February 2020 in the Credit Report issued by Credit Information Bureau of Bhutan (CIB) shall be eligible for the facility.
Effective Date: The Monetary Relief Measures will be applicable from 14th April 2020.