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NGOs-turned microfinance asked to deposit fund into state coffers

Non-government organisations which were converted into microfinance institutions as per the policy of Nepal Rastra Bank need to deposit the reserve fund they earned in the capacity of NGO into the government’s treasury, the Office of the Auditor General has said. NGOs-turned microfinance asked to deposit fund into state coffers
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Prithvi Man Shrestha
Published at : April 22, 2019
Updated at : April 22, 2019 07:56
Kathmandu

Prithvi Man Shrestha

Prithvi Man Shrestha is a political reporter for The Kathmandu Post, covering governance and corruption. Before joining the Post in 2009, he worked for Nepal News and The Rising Nepal primarily covering political and economic affairs for three years.


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