Citizen Investment Fund’s investment exceeded 2 billion

5 Chait, Kathmandu. Citizen Investment Fund has informed that its investment has exceeded 2 billion. This information was given by the Fund’s Executive Director Raman Nepal on Saturday in a program organized on the occasion of the 33rd anniversary of the Fund. According to him, the fund’s net savings operations amount to Rs 2 trillion 6 billion 19 billion by the end of January of the current financial year. During this period the fund has invested Rs 2 lakh crore 5 billion 69 crore.

In the program, Dr. Ram Prasad Ghimir, Revenue Secretary, Ministry of Finance, said that the development of the online system operated by the Citizen Investment Fund has facilitated the transactions of the fund. According to him, the errors started reducing after Ghimir started taking data from the electronic government accounting system. He said that the attractiveness of the fund is increasing as compared to other competing institutions.

Chairman of the Board of Directors of the Fund, Prof. Dr. Surya Bahadur Thapa said that the fund is strengthening itself and working towards fulfilling national aspirations. He said investment in productive sectors such as agriculture, tourism, energy and infrastructure building should be expanded to support economic growth and create jobs. He said that the staff rules have been further extended, the services and facilities of the working staff are being modified according to the resources of the fund.

According to the Fund’s Executive Director Raman Nepal, the Fund has given high priority to choose safe and profitable projects of national pride and priority while investing and in future it is increasing investments by prioritizing areas of infrastructure development. ,

He informed that branch offices have been set up outside the Kathmandu Valley in Biratnagar, Pokhara, Butwal, Ataria and Surkhet to connect organizations that are likely to participate in the fund and manage the long-term obligations of those organizations. The new software has been rolled out due to the need for a comprehensive revamp of the fund’s existing information technology system, he added.

Source: OnlineKhabar

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