Bhotekoshi flood-affected entrepreneurs revival package welcome: NADA

लगानी न्यूज

१९ भाद्र २०८३, शुक्रबार १५:००September 4, 2026

Kathmandu. NADA Automobiles Association of Nepal (NADA) has welcomed the decision of the Government of Nepal on Thursday to revive the industries, trade and businesses affected by the devastating floods in the Bhotekoshi River.

TAG_OPEN_div_21 The government has decided to provide customs and tax exemption, loan restructuring and rescheduling, concession in interest rates, provision of additional loans and ease of insurance claim payment targeting the flood-affected private sector. NADA believes that this step taken by the government to create an environment for resumption of resumption by providing immediate relief to the businesses affected by the disaster is very positive and welcome.

NADA believes that the decision to waive customs duty on the re-import of commercial vehicles and transport vehicles, especially those that have been completely damaged or lost due to floods, will be a big relief to the automobile and transportation entrepreneurs. Similarly, the concession given in the re-import of damaged machinery and equipment is also important for the restoration.TAG_OPEN_div_19

The decision to provide loan restructuring, rescheduling and interest subvention to the flood-affected borrowers will reduce the immediate financial pressure on the businessmen. Also, the provision of loans for the repurchase of damaged vehicles and equipment is important for the continuity of the business, NADA concluded.

NADA President Surendra Kumar Upreti said, “It is a very positive step for the government to address taxes, customs, loans, interest and insurance in an integrated manner to help the private sector recover after the disaster. This will provide an important basis for the affected businesses to get back to business.TAG_OPEN_div_15 ”

NADA urges the concerned authorities for the speedy, simple and effective implementation of the government’s decision. NADA also urges the government to study the actual damage and bring a second phase recovery package as per the need.TAG_OPEN_div_13