287 Billion Rupees to be Invested by EPF in Different Sectors

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KATHMANDU, September 17, 2018:  287 billion rupees is to be invested by  Employees’ Provident Fund (EPF) in different sectors.

Out of the total fund, 98.34 percent will be invested in various sectors. 58 percent will be invested as the loan to its contributors, 16 percent as project loan, 19 percent as the fixed deposit of commercial banks and 7 percent as an investment in other remaining sectors.

On the 57th anniversary of EPF, Yubraj Khatiwada, Finance Minister shared, “The government was busy doing homework to provide the social security to employed in various sectors like agriculture, labor and many more by providing the Fund.” The net profit of Rs. 3.52 billion was made by EPF in this fiscal year 2017/18.

Shishir Kumar Dhungana, Revenue secretary at Financial Ministry shared, “The preparations were underway for the constitution of a body to regulate all sorts of funds.” Tulsi Prasad Gautam, EPF administrator informed, “The program is planned to bring the employee of all sectors to the system and benefits of EPF.”