Employee Provident Fund EPF Nepal is also called Karmachari Sanchya Kosh Nepal. Employee Provident Fund EPF Nepal is government’s organization. Basically it works for the welfare of the employee of different sectors.
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Employee Provident Fund EPF Nepal collects deposit from each employee. Generally the employee contributes ten percent of his or her salary and concerned institution adds more ten percent for the employee.
Employee Provident Fund Nepal History
So far we get the knowledge about Employee Provident Fund EPF Nepal and its history it is like this. Many years ago when one police soldier got retirement from his job on that day he has not got even the travel money to reach the home. It was so because till that time there was no provision of provident fund.
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The incident was so heart touching. A soldier who served many years for the nation has no money to reach the home. So from this incident the provision of Employee Provident Fund was started. Had there been the provision of provident fund the situation will not be such terrible.
What does EPF Nepal do?
The Employee Provident Fund EPF Nepal now works in several areas. There are many building of EPF Nepal in the major cities of Nepal. Each contributor gets the profit of EPF in equal proportion. Similarly the provident fund gives home loan at soft interest rate to its contributors.
Employee Provident Fund EPF Nepal
Employee Provident Fund EPF was established 55 years ago. It was established in 2019 BS. Now there are five lakh fifty thousand contributors in provident fund Nepal. There are several social security schemes for the contributors of epf Nepal.
EPF Nepal Fund Mobilization
EPF Nepal is now mobilizing nearly 254 billion rupee of the contributors. So EPF Nepal is going to invest this amount in hydro project. So far we got the information EPF Nepal will give forty percent share of hydro power to its contributors. this hydro power share investment is from the profit of fiscal year 2072/073.
At last if you have any more questions regarding to Employee Provident Fund EPF Nepal please leave comment in the comment box given below.
