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Govt forms three-member high-level commission to address issues of loan sharking victims

Metakhabar by Metakhabar
April 3, 2023
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Govt forms three-member high-level commission to address issues of loan sharking victims
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KATHMANDU: The government on Monday formed a three-member high-level commission to resolve the issues of the usury victims.

A meeting of the Council of Ministers constituted the commission led by former judge Gauri Bahadur Karki, Spokesperson of the Government and Minister for Communications and Information Technology Rekha Sharma said.

The other members of the commission include former Additional Inspector General of Nepal Police Uttam Raj Subedi and former Deputy Attorney General Ganesh Babu Aryal.

The commission is given three months’ time and its central office will be in Janakpurdham of Madhesh Province. It has been given the terms of reference to submit an actionable report to address the problems faced by the usury victims from the loan sharks.

Earlier, Prime Minister Pushpa Kamal Dahal ‘Prachanda’ had vowed to form a high-level commission to bring the loan sharking culprits to justice. To pile pressure on the government, the victims of usury had traveled to Kathmandu by foot from different districts of Tarai.

Likewise, they held talks with the government team and presented nine points demand in the negotiation which were discussed in a clause-wise manner.

In the discussion with the government talks team, the victims of loan sharking put forth demands such as the formation of a commission, resolution of the cases in the court and the cancellation of loan-paper made by the loan sharks.

In an effort to respond to the demands of the victims of illegal money lending, the government has already decided to amend the Criminal Code to criminalize the act of usury.

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President observes Mahashivaratri and Army Day feu-de-joie in Tundikhel
Featured-news

President observes Mahashivaratri and Army Day feu-de-joie in Tundikhel

by Metakhabar
February 15, 2026
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Kathmandu, Feb 15: President Ramchandra Paudel today attended a special ceremony organized by the Nepali Army (NA), marking Mahashivaratri Festival...

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Birgunj dry port collects 12.7 billion in revenue in three months

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Maha Shivaratri being observed nationwide today

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18 days to HoR elections: Voter education programme up to March 1 beginning today

February 15, 2026

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