Kathmandu. Finance Secretary Ghanshyam Upadhyay has emphasized that the funds of the Citizen Investment Fund should be used for the benefit of the citizens. He said this while speaking at the 35th anniversary program of the Citizen Investment Fund in Kathmandu on Monday.
He said that the funds should be invested in productive sectors for the benefit of the citizens. He said that the fund should focus on how to move forward in the priority areas of the Nepal government. He said that it is necessary to contribute to the overall economy of the country by utilizing the fund’s priorities and investments in productive sectors in line with the interests of savers and advancing social security programs.
Chairman of the Citizens’ Investment Fund, Dr. Surya Bahadur Thapa, said that the fund had a net fund balance of 273.72 billion rupees in projects under operation as of mid-December of the current fiscal year. He informed that 264.78 billion rupees had been invested during this period.
He said that the fund is moving towards investing in productive sectors such as agriculture, tourism, energy and physical infrastructure construction. He urged everyone to make a high contribution to increase the performance of the fund. The speakers participating in the program said that sustainable development and stability in the country cannot be achieved unless the existing unemployment in the society can be ended through economic development.
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