Migrants set up revolving fund with Rs 10mln in Baglung village
BAGLUNG: Locals of Kathekhola Rural Municipality-5 and 6 going for overseas jobs have founded a revolving fund of Rs 10 million for a social cause.
Announcing the establishment of the revolving fund on Friday, Chairman of Bihukot Samaj in Japan, Devilal Subedi, said that the fund was established to help the community in education, health care, disaster management and social works.
Subedi handed over the bank cheque of Rs 10 million to Chairman of Japan Samaj in Bihukot, Gauri Shankar Sharma, saying that amount for the fund was collected from the permanent residents of Bihukot currently residing in Japan.
The Japan Samaj Bihukot based in Baglung shall operate the fund and the interest amount of the principal would be spent in different social works, it has been learnt.
During the programme, the Baglung Chief District Officer Bhagirath Pandey praised the move of Nepali diaspora in Japan as a positive step.