Sunday, March 16th, 2025

Banks deny loan to electric vehicles


13 January 2020  

Time taken to read : < 1 Minute


  • A
  • A
  • A

KATHMANDU: Banks and financial institutes have denied issuing loan to power-operated vehicles breaching the provision laid down in the government’s existing policies and programs.

Banks have hesitated to issue loan despite Nepal Rastra Bank (NRB)’s direction that they should provide loan to electric vehicles through the Ministry of Finance, said Sundar Yatayat P. Ltd.

Sundar Yatayat P. Ltd. in a statement said banks denied it loans for electric vehicles despite frequent requests.

“Banks seem reluctant on issuing loan to electric vehicles despite assurance of collateral in line with the Nepal government’s regulations,” reads the statement.

It is the first company that brought electric vehicles into operation.

Publish Date : 13 January 2020 16:19 PM

MPs oppose proposal for ex-dignitaries’ lifelong privileges

KATHMANDU: Parliamentarians have strongly criticized the government’s proposal to grant

RSP holding Secretariat meeting today

KATHMANDU: The Rastriya Swatantra Party (RSP) has called a meeting

Musician AR Rahman admitted to hospital after “dehydration, neck pain”

CHENNAI: Oscar-winning music composer AR Rahman was hospitalised in Chennai

Trump plans to impose travel bans and restrictions on 43 countries

WASHINGTON DC: US President Donald Trump is preparing to impose

Gold prices drop today

KATHMANDU: Gold prices have slightly decreased in the domestic market