EMAN and NADA organized an interactive event on monetary policy direction, loan expansion, and auto business

KATHMANDU:On Sunday, the last day of the NADA Auto Show at Bhrikutimand in Kathmandu, an interactive session was held on monetary policy, loan expansion, and auto business.

In an interaction program jointly organized by NADA and Economic Media Association Nepal (EMAN), Economic Media Association Nepal (EMAN), Deputy Governor of Nepal Rastra Bank Bam Bahadur Mishra stated that there is now a small amount of financial activity in the market due to the monetary policy being somewhat flexible and some economic regulatory laws.

Sunil KC, President of the Nepal Bankers Association, stated that with over 95 percent of electric vehicles and other vehicles in some number, a lot has changed in 45 years.

He stated that banks have granted loans totaling more than 350 billion in the energy industry and are convinced that increased EV imports and sales will benefit the ecosystem.

He stated that relevant industries should collaborate to make the electric vehicle industry more sustainable by establishing charging stations and other infrastructure, and that the financial sector will follow suit.

Karan Kumar Chaudhary, President of the NADA Automobiles Association Nepal, believes Rastra Bank should take a specific initiative to assist the country's shrinking auto sector.

Chaudhary, stated that NADA was successful in raising the government's attention to the challenges facing Nepal's vehicle sector.

According to Ashok Khadka, the General Secretary of the Nepal Insurance Association, it is important to calculate the amount of revenue generated from the import of vehicles when foreign currency.