Poor people to get concessional loans to invest in hydropower

KATHMANDU: The Ministry of Energy, Water Resources and Irrigation is to make arrangement of concessional loan to poor citizens without collateral.

It is going to make such arrangement to ensure that the poor people can get hydropower project shares under ‘People’s hydropower project’ to make the country prosperous by improving living standard of poor citizens across the nation.

As per the arrangement a poor household can invest after getting concessional loan from Rs 200,000 to Rs 500,000 without collateral as per the capacity of the hydropower projects.

Organsing a press meet at the Ministry on Monday, Energy Minister Dipak Khadka shared this.

He stressed, “All citizens have rights upon resources. We cannot achieve prosperity as imagined by us if poor people are not taken ahead.” Arrangement of shares would be made based on households.”

“It is also an economic revolution which helps building a prosperous nation improving financial status of the poor people. This procedure is amended targeting the poor class people and civil servants with low financial status”, mentioned Minister Khadka.

This provision would be implemented for poor people of hydropower affected districts and districts having transmission line as well as it would be implemented across the nation gradually, shared the Ministry.

The government would ensure the share of the poor people identifying them as per the number of households provided by local levels.

Minister of State for Energy, Water Resources and Irrigation, Purna Bahadur Tamang, Secretary at the Ministry, Suresh Acharya, Irrigation Secretary Sarita Dawadi, Secretary at the Water and Energy Commission Secretarait, Ram Prasad Ghimire, Senior Energy expert of the Ministry, Prabal Adhikari, were present on the occasion.