Incident Reports

Entrepreneurs stage demonstration in Kailali against the increased interest rate of Banks and financial institutions

2023-02-21

Sudurpashchim, Kailali, Dhangadhi

Entrepreneurs of Dhangadhi staged a demonstration on February 21, in Kailali against the increased interest rate of Banks and financial institutions. Under the leadership of the Kailali Chamber of Commerce and Industry, businessmen involved in various businesses have also warned of further agitation if the government is not serious about this issue. The demonstrators alleged that after increasing the interest rated of the loans taken by banks and financial institutions from 8 percent to 16 percent, the trend of businessmen fleeing from business is increasing. Businessmen also accused that the banks and financial institutions of the black market in the name of interest rates. 



Details and Impacts
Violent / Non-violent Nonviolent
Event Duration More than 1 day
Primary Form Demonstration
Primary Cause Other economic issues
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) Government and civil servants at central level
Actor 2 - Youth na
National/Online Media

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