Kathmandu, Jun. 20
Citizen
Investment Trust (CIT) has announced ‘special borrowing scheme’ for the
employess of the tourism sector.
This scheme
offers an opportunity to the tourism-sector workers to obtain money borrowing
facility from their savings at the CIT with zero interst rate gap.
“The workers
of tourism sector including hotel, trekking, and aviation are the most affected
by the global COVID-19 pandemic. This sector is the worst hit by the pandemic
and the subsequent lockdown,” CIT said in a statement on Sunday.
The
facility is available for the participants of the ‘Employees Saving Growth
(ESG) Retirement Fund’ of the company. The participants can enjoy the borrowing
facility at the same interest rate that the CIT is offering to their savings,
read the statement.
The participants
can obtain up to 50 per cent of their total deposits as per the scheme which
will remain in effect till mid-January 2022. The borrowed money should be
repayed within two years.
Published in The Rising Nepal daily on 21 June 2021.
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