Kathmandu. The Ministry of Home Affairs has directed to take action against those who harass and torture borrowers in the name of debt recovery. Point No. 8 of the agreement with the Nation, Nationality, Religion, Culture and Citizen Rescue Mega Abhiyan. The Ministry of Home Affairs issued this directive by issuing a circular to implement it.

Issuing a secretary-level decision, the Ministry of Home Affairs has directed the banks and financial institutions to take action if they harass or torture borrowers in the name of loan recovery.

With this, action will be taken against those who torture for loan recovery, pick up goods from home, arrest the employees of the organization by staying at home until the installment is paid, abuse , abuse and so on.

For this, the victim has to file a complaint with the District Administration Office and the administration will initiate action on the basis of the complaint, according to the Ministry.

Meanwhile, with this circular of the Ministry of Home Affairs, banks and financial institutions are worried that the loans will not be repaid. Similarly, bankers have expressed concern that the risk of not recovering loans will increase after the government issued a circular with the intention of ‘not being ruthless in loan recovery’ at a time when bad loans are increasing in banks {{} and financial institutions. The circular of the house is as follows: