SET4NPL

Table of content

The SET4NPL Scrapping Incentive
Loan/Hire Purchase Products
Who is eligible to receive support through SET4NPL
A Process Guide to access SET4NPL’s support scheme
Who should PTOs contact?

The SET4NPL Scrapping Incentive

SET4NPL wants to promote vehicles with higher seating capacities and incentivizes the proper end-of-life disposal and replacement of old diesel buses. This is reflected in the structuring of the scrapping incentive.

Incentives:

For the scrapping of an old diesel mini- or microbus if the PTO is able to provide an official scrapping certificate
For number of seats of the new EMB based on the purchase confirmation

For more details, please contact one of SET4NPL’s partnering vehicle suppliers.

Loan/Hire Purchase Products

SET4NPL is working together with Partner Banks and Hire-Purchase Companies which are offering specific loan/hire-purchase products to Public Transport Operators who want to purchase an Electric Mini- or Microbus under the SET4NPL framework.

For more information about the loan/hire purchaseleasing products, please get in touch with one of SET4NPL’s partner banks or hire-purchase companies.

View all partners here.

Who is eligible to receive support through SET4NPL

In order to have access to SET4NPL’s support mechanisms for Electric Mini- and Microbuses, the following criteria must be fulfilled:

Applicants must be registered Public Transport Operators in Nepal (route permit required)
SET4NPL only supports shortlisted vehicles
Purchasing of vehicles can only be done through our partnering suppliers
Every EMB must be purchased including the EMB package
The scrapping subsidy will only be provided if the PTO submits a scrapping certificate for an old diesel mini- or microbus

A Process Guide to access SET4NPL’s support scheme

Step 1

Inform yourself about what vehicles are available under SET4NPL

You can find out more here: Electric Mini- & Microbuses

Step 2

Inform yourself about the SET4NPL EMB Support Package

You can find out more here: EMB Support Package

Step 3

Check whether you are eligible for SET4NPL’s scrapping subsidy

Step 4

Approach one of SET4NPL’s partner suppliers

Find our partners here: Our partners

Step 5

Decide how you want to finance the vehicle (cash/loan/hire purchase/renting)

Step 6

Approach one of SET4NPL’s partner financial institutions

Find our partner financial institutions here: Our partners

Step 7

Make sure you have all required documentation

Required documents: ID document; confirming bank letter; sales and maintenance contract; PTO incorporation/registration certificate; PTO license/permit; scrapping certificate (if applicable)

Step 8

SET4NPL’s partnering vehicle supplier will apply for the subsidies/incentives on your behalf and reduce the payment for the EMB accordingly

Step 9

Make the payment (full payment or down payment)

Step 10

Receive the vehicle + Support Package

Step 11

Go electric!

Who should PTOs contact?

If you have technical questions regarding your Electric Mini- or Microbus or regarding components of the EMB Support Package, please contact one of SET4NPL’s partnering vehicle suppliers. If you have questions concerning the financial product you are using to finance your vehicle, please contact your bank or financing institution.

In case you have any general feedback or questions about the SET4NPL framework, we are happy to receive your message!

Public Transport Operators

The SET4NPL support mechanisms for Public Transport Operators