NRB has not termed auto sector as unproductive sector: Executive Director Poudel

लगानी न्यूज

५ भाद्र २०८२, बिहीबार १९:०३August 21, 2025

Kathmandu. Nepal Rastra Bank (NRB) Executive Director Guru Prasad Poudel has said that there is a misconception that the auto sector is an unproductive sector. He said that Nepal Rastra Bank does not consider the auto sector as an unproductive sector.

He was speaking at TAG_OPEN_div_21 an interaction programme titled “Sustainability in Credit Policy: The Basis for The Long-Term Development of the Automobile Market” organized by NADA and Nafiz on Thursday. “The Rastra Bank does not consider the auto sector as an unproductive sector. We have given a higher purchase company license to provide loans to the auto sector. “Nepal Rastra Bank (NRB) would not have issued licenses of higher purchase companies if the auto sector had been called an unproductive sector,” he said. ’

Nepal Rastra Bank (NRB) has given license to higher purchase company to facilitate the overall sector of auto business, he said. TAG_OPEN_div_19 He said that there are 10 hi{TAG_OPEN_u_11}} and purchase companies in Nepal that have expanded to invest in the auto sector. The 10 institutions in operation have disbursed loans worth rs 26 billion to the market. Poudel said that more than Rs 200 billion has been invested in the auto sector in Nepal.

TAG_OPEN_div_17 Similarly, he said that the loan-to-value ratio of public vehicles can be slightly different compared to personal vehicle loans. Currently, the loan-to-value ratio in electric vehicle loans is 60 per cent from 80 per cent.