The Physical Infrastructure Reconstruction Fund established by the Government of Nepal has received 10.1 million rupees from Life Insurance Corporation Nepal.
Nepal’s Finance Minister Rameshwor Prasad Khanal received the voucher. Likewise, the employees of F1 Soft International, E-Sewa and Fonepay Payment Service Limited contributed Rs 7.5 million to the Fund.
The Fund is established by the government for the reconstruction of physical structures damaged from arson and vandalism during the Gen-Z protests that happened on September 8 and 9.
The Fund has received Rs 93 million as of Sunday. The government has established the Physical Infrastructure Reconstruction Fund for the reconstruction of destroyed infrastructure, economic recovery, and relief operations.
The Government of Nepal has estimated Rs 100 billion due to damage to government property during the Gen Z protest. The government has also appealed to the provincial and local governments, the private sector, Nepali and foreign citizens, the non-resident Nepali community, friendly nations, development partners, and international organisations to extend their support in this campaign for reconstruction.
