Kathmandu, Sept 17: Deputy Prime Minister and Finance Minister Bishnu Prasad Paudel directed the Employees Provident Fund (EPF) to put concrete efforts for yielding investment returns.
At a programme organized here on Monday on the occasion of the 63rd anniversary of EPF, Finance Minister Paudel stressed, “It is a must to look at returns of investment. Investors should pay attention to guarantee high-yielding results and reap maximum returns.”
Pointing out the need of assuring optimum returns of investments, he laid emphasis on expanding the scope of investment.
The Finance Minister urged the EPF not to limit itself to a narrowed scope of day-to-day business, instructing the institution to think about depositors’ trust, protect savings and provide maximum benefits to depositors.
Mentioning that the government has been effortful to adopt the concept of lifecycle-based social security, he underlined the government has considered social security as its responsibility and the EPF has become the important tool for its implementation.
Similarly, EPF administrator Jitendra Dhital explained that the EPF has modernized its service delivery utilizing the six-decade long experience, adopting international best practices, IT-based functioning, modern banking network and efficient management system.
He shared that that the EPF was committed to contribute to the country’s economic development by diversifying available long-term financial resources.
On the occasion, DPM Paudel unveiled EPF’s anniversary edition as well as honoured employees serving the institution or long with Dirgha Sewa Padak.
Established in 2019 BS, the EPF has a total enrollment of 575,000 contributors from 33,600 offices. #EPF #nepal #finance
