CPIU releases Rs 11bn for reconstruction purposes

Kathmandu, May 15

The Central Project Implementation Unit (CPIU), under the Ministry of Federal Affairs and Local Development, has released Rs 11.12 billion for the reconstruction of quake-ravaged individual houses to the District Development Committees of quake-hit districts, today.

The fund released by CPIU will be utilised to distribute the first instalment of Rs 50,000 or 25 per cent of the grant aid to people who lost their houses in the massive earthquake last year. The government had announced Rs 200,000 grant for the victims. The National Reconstruction Authority (NRA) will disburse the remaining amount in instalments of 30 per cent, 35 per cent and 10 per cent at various stages of house construction.

The NRA has already authorised all the class ‘A’, ‘B’ and ‘C’ financial institutions to disburse the grant amount to the victims in 11 quake-hit districts apart from Kathmandu Valley. NRA has finalised the list of 300,925 beneficiaries in the 11 quake-affected districts. District Development Committee Offices will disburse the money to the victims through banks and financial institutions.

According to the Dolakha sub-regional office of NRA, the grant distribution process has already started in 10 Village Development Committees of Dolakha, 41 of Ramechhap and 24 of Okhaldhunga districts. The fund released by CPIU today will also be distributed in eight other quake-hit districts apart from aforementioned districts as the list of beneficiaries has already been published by the respective District Development Committee Offices.