Banking Exam Question - What is Sick Industry? What are the NRB Directives & Policy (2074) Regarding Sick Industry? Explain

Introduction - Sick Industry & NRB Policy

Due to the internal and external reasons, the government of Nepal, to reduce the adverse impact on the industries and industries of the country, due to uncomfortable situation of financial crisis that can be generated in the country. This policy has also been helping in rebuilding of sick industry by simplifying recycling and other policy arrangements in the past to bring the policy forward to bring policy and programs related to sick industry since 2058/59. In the past, especially hotels and other industries were benefited from the facility including remuneration, loan repatriation and discharge of interest under the waste water resettlement program.

This work has been prepared to make its procedures clear and transparent in relation to declaring a program of sick industry resurgence from this bank as well as the Central Bank of the country, with reference to the demand for revival or resettlement of sick industries and resurrecting programs from the private sector in the above mentioned background.

Industrial Trade Act, 2049, 25. (a) Regarding the sick industry related to:  "Regarding continuous 5 years of losses, 20 percent or less of the total production capacity, the Government of Nepal, if appropriate, is notified by the Government of Nepal. Can announce Such industries will not be able to impart any taxes, fees and taxes in the machinery that will be imported for diversification and diversification. "