Kathmandu, March 18: Deputy Prime Minister and Finance Minister Krishna Bahadur Mahara on Friday said scattered capital should be integrated and invested in productive sector.
Referring to the fact that Nepal was seeking for economy prosperity following long political transition, DPM Mahara said the country would pursue prosperity following the development of capital market if scattered capital is integrated.
He was inaugurating the 27th annual general assembly of the Citizens Investment Fund (CIF) in the Capital.
DPM Mahara also stressed the need for attaining sustainable development by investing CIF funding in economic productive area and development sector.
He also viewed that investment should be increased in productive infrastructure sector by acknowledging the fact that banks are suffering liquidity for the lack of investment in agriculture.
Likewise, Chairman of the Securities Board of Nepal Dr Rewat Bahadur Karki emphasised the need for investing in development sector after increasing capital and widening CIF coverage.
Also, CIF Executive Director Ram Krishna Pokharel said the CIF has prioritised the need for investing in national prioritised sector. More than 570,000 service seekers are affiliated with the CIF at present and it has a deposit of Rs 85 billion and an investment worth Rs 80 billion, said the CIF. RSS
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