Victims of Armed Conflit

Victims of Loan Sharking Protest in Kathmandu

Kathmandu, July 31 – Victims of loan sharking, popularly known as “Meter-Byaj”, held a protest and vigil at Shantibatika and Maitighar in Kathmandu, urging the government to address their financial grievances.

Usury has become a significant social problem in Nepal, with loan sharks offering high-interest loans to poor individuals and increasing the interest rates abusively over time.

Recently, the House of Representatives and the National Assembly of Nepal passed a bill, which was authenticated by the President and became law, providing penalties for those involved in loan sharking activities across the country.