KATHMANDU: The government is set to form a high-level commission for resolving the woes of usury survivors.
The government is to form the commission in accordance with the Inquiry Commission Act, 2026. According to the five-point agreement reached between the government and the usury victim committee at the Home Ministry, the next cabinet meeting would form the commission.
Both sides reached an agreement to recommend the Nepal government form a probe commission in an attempt to address the problems faced by the victims.
Illegal money lenders have been found charging high-interest rates to the illiterate, poor and economically weaker section, preparing a fake document of financial transactions, capturing the wealth of lenders and exploiting the victims in different pretexts.
Likewise, a committee would be formed under the coordination of Chief District Officer to routinely hear and redress the complaints of loan sharks’ victims.
It would also include the representation of district-based Nepal Police, government attorney, chiefs of land revenue and survey office, bank and financial institutions and loan sharks’ victims.
Recommendation would be made to the government for the formation of the district-level coordination committee.
The committee would collect complaints and grievances from the victims and also aid to gather evidences.
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