Kathmandu, July 1: Chandragiri municipality has decided to deposit Rs 5,000 each in the name of children from coming July 16.
The municipality is introducing
such programme first time for educational, financial and social security of the
children within its boundary.
The municipality has adopted a
policy to collect the amount by opening a fixed account in the name of the children
of the permanent residents of the municipality.
For this, birth registration of the
children has been made mandatory. The municipality has also amended the Private
Enterprise Promotion, Financial Assistance and Programme Grant Operation
Procedure, 2078 BS for the economic and social security of the children.
Chandragiri municipality and NIC
Asia Bank Limited have signed a bilateral agreement to operate the fixed
accounts in the name of the children.
Mayor Ghanshyam Giri and Assistant
Chief Executive Officer of the bank Arjun Raj Khaniya signed the agreement on
behalf of their respective organizations.
As per the agreement, the maximum
interest rate will be provided by opening an account with zero balance, the
municipality shared.
On the occasion, Mayor Giri shared
that the programme is being implemented for the educational, economic and
social security of children after 18 years of their age.
"The deposits can ease the children after their 18 n pursuing higher education or running a business", he said., urging the parents to ensure some additional money to their children's accounts. (RSS)