Kathmandu, July 15, 2015: The reconstruction efforts in the aftermath of the massive earthquake is said to be completed within the next five years, as per the government.
The government has promised to give full shape to the ‘Reconstruction Authority’ soon so as to conclude the reconstruction efforts on time presenting the budget for the upcoming fiscal year 2015/16 at the Legislature-Parliament Tuesday. Similarly, with a aim at rebuilding the country rattled by the earthquake the government has called on private sector, government and non-government organisations, civil society, international community and the ordinary people to participate in the reconstruction mission.
Presenting the Budget Finance Minister Dr Ram Sharan Mahat mentioned that around Rs 667 billion is expected to cost to carry out first-phase reconstruction. He added The budget will be managed from the ‘National Reconstruction Fund.
The presented Budget stated that the people rendered homeless by the quake will get financial assistance up to Rs 200,000 if they wish to construct new home on their own. Except that the arrangements will be made to provide soft loan (up to Rs 2.5 million inside the Kathmandu Valley and Rs 1.5 million outside the valley) at two percent interest from banks and financial institutions to the people seeking to reconstruct the damaged houses on their own. Likewise, immediate rehabilitation will be ensured for those displaced from their place of origin by the earthquake
Similarly, to cover 50,000 youths under basic vocational skills training (mason, plumbing, carpentry and electricity) schemes has been planned by the government.