Kathmandu. The Employees Provident Fund has distributed about Rs. 5.34 billion profit to savers and contributors from the total profit earned in the last fiscal year 2080/81. Accordingly, about Rs. 5.27 billion has been deposited in the accounts of the savers of the fund and about Rs. 5.27 billion has been deposited in the accounts of the contributors of the contribution-based pension fund. 64.3 million profit has been deposited.
The meeting of the Employees Provident Fund Board of Directors held on Chaitra 17 approved the financial statements of the fund for the fiscal year 2080/81 and decided to distribute the amount at the rate of 1.10 percent on the opening balance in the personal accounts of the savers and contributors as profit. The profit has been deposited in the accounts of the savers and contributors. .
##The Fund has allocated 92 percent of the total profit earned in each financial year for profit and welfare purposes for the depositors, while the remaining amount is kept in various reserve funds.
##The Fund has provided interest to depositors and contributors at the rate of 5.50 percent on the accumulated amount in the current financial year. In order to protect the accumulated amount, savers and contributors have been receiving special loans from the fund up to 90 percent of the accumulated amount at an interest rate of 6.60 percent.
##In this context, adding 1.10 percent profit to the 5.50 percent interest rate received by savers and contributors from the fund, the total is 6.60 percent, and since the interest rate of the special loan is only 6.60 percent, the return received by savers and contributors and the interest payable remain the same. .
##Similarly, even in the current economic slowdown, it has been possible to provide a return of 6.60 percent per annum, including interest and profit, on the accumulated amount.
##The Fund has been providing special loans, home loans, educational loans, home loans, It has also been providing maintenance loans, simple loans and land purchase loans.
##In addition, the fund has been providing health treatment reimbursement facilities to the saving couple from its own resources without the saver having to make a separate contribution, and has also been providing social facilities such as labor subsidy, maternity and child care facilities, accident compensation grant and other benefits.
## Under this, in the last fiscal year 2080/81, approximately Rs. 146.5 million was provided to 19,525 contributors for maternity and child care facilities, approximately Rs. 28.2 million to 706 contributors for labor subsidy, approximately Rs. 21.4 million to 107 contributors for accident compensation, approximately Rs. 346.5 million to 5,736 contributors for health treatment reimbursement, and approximately Rs. 47 contributors from the civil service for special financial facilities. 70 lakhs has been provided.
Currently, there are 575,000 contributors to the Employees Provident Fund and 80,400 contributors to the Pension Fund. .
