KATHMANDU: The Federation of Nepalese Chambers of Commerce and Industry (FNCCI) has urged Nepal Rastra Bank (NRB) to introduce policy and financial measures to support the establishment and expansion of assembly industries in Nepal.
In its recommendations for the FY 2026/27 Monetary Policy, the federation said promoting assembly industries would help reduce imports and accelerate industrialization in the country.
FNCCI has also proposed raising the threshold for the mandatory Business Credit Information Report (BCIR) for letters of credit (LCs) from the current USD 50,000 to at least USD 100,000. It further recommended increasing the mandatory credit rating threshold for loans from NPR 1 billion to NPR 1.5 billion.
The federation has also asked NRB to allow the discounting of Usance LCs with tenures exceeding 180 days, subject to necessary conditions.
In addition, FNCCI has called for revisions to the current loan classification system. It suggested that loans should not be classified as non-performing solely because they are overdue for three months and that loan classifications should be upgraded immediately after overdue payments are cleared.
The federation also recommended reviewing the requirement for all company shareholders and one family member of each shareholder to provide personal guarantees for business loans. It further urged NRB to adopt separate policy measures for productive sector lending and other commercial loans.
