Incident Reports

Surkhet businessmen shut down market against increase in interest rate by banks


Karnali, Surkhet, Birendranagar

Businessmen of Surkhet closed the market of the provincial capital Birendranagar on October 14 saying that the banks have arbitrarily increased the bank interest. They say that the private sector is collapsing due to the autocracy of banks. Laxman Kandel, president of Surkhet Industry and Commerce Association, said that the bank is increasing the interest on loan investment month after month, charging many fees in the name of service fees and imposing more financial burden.

Details and Impacts
Violent / Non-violent Nonviolent
Event Duration More than 1 day
Primary Form Demonstration
Primary Cause Access/control of economic markets (syndicates, market relocation)
Actor 1 - Number of people N/A
Actor 1 - Affiliations Chamber of Commerce and entrepreneur's associations
Actor 1 - Youth na
Actor 2 - Number of people N/A
Actor 2 - Affiliation (Target) Other private sectors
Actor 2 - Youth noyouth
National/Online Media


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