The government had established the fund to reconstruct public infrastructure damaged during the protests on Bhadra 24. As of Sunday, only Rs 93 million had been collected in the fund.
Life Insurance Corporation (Nepal) on Sunday contributed Rs 10.1 million to the Physical Infrastructure Reconstruction Fund established by the government for the reconstruction of public infrastructure.
The company's CEO Pranay Kumar handed over the voucher of the check for the assistance to Finance Minister Rameshwor Khanal. Similarly, employees of F1 Soft International, Esewa Limited and PhonePay Payment Service Limited, affiliated with the F1 Soft Group, and the companies have contributed Rs 75 lakh as a joint contribution to the Physical Infrastructure Reconstruction Fund. On Sunday, Chairman Siddhant Thakuri handed over the check to Finance Minister Khanal on behalf of the group.
The government had established it for the reconstruction of public physical infrastructure damaged during the protests on Bhadra 24. Only Rs 93 million has been collected in the fund till Sunday.
The government had urged everyone to voluntarily contribute by opening a bank account in the name of the 'Physical Infrastructure Reconstruction Fund' at the Rastriya Banijya Bank on Asoj 8 for the reconstruction of public infrastructure. Accordingly, individuals and organizations have contributed about Rs 92 million, according to the Ministry of Finance.
There are few organizations and many individuals who have contributed to the fund so far. The highest amount collected is up to 15 million rupees, while more than a dozen people have received one rupee, according to sources.
There has been a lot of damage in both the government and private sectors during the protests. The damage has not yet been assessed. However, officials from the Ministry of Finance have said that initial figures show that the damage has exceeded 100 billion rupees in both the government and private sectors. The Federation of Nepalese Chambers of Commerce and Industry, an umbrella organization for the private sector, has claimed that more than 80 billion rupees have been damaged in private property.
Since then, the government has started a study to determine the details of the damage and the reconstruction cost. 45 days have been given for this work.
