Nepal Central Bank Increases Loan Limit for Electric Vehicles

Kathmandu. Up to 80 percent loan can be obtained to buy electric public transport vehicles. The Nepal Rastra Bank has issued a directive allowing banks and financial institutions to provide loans up to that limit.<

Until now, there was a provision to provide loans up to only 60 percent for the purchase of all types of vehicles. The limit of 80 percent was set only for replacing commercial transport vehicles damaged in industries and business establishments directly affected by the Gen Z movement.<