"Launch of 'Kumari Sabal Yojana' Boosts Economic Growth with 10 Crore Units Open for Sale"
Kathmandu- In a significant development for Nepal's economy, the 'Kumari Sabal Yojana' was officially launched today, offering a total of 10 crore units for sale.
This mutual fund initiative, operating under the Kumari Investment Fund, aims to drive economic growth and provide investment opportunities to the general public.
Under the management of Kumari Capital and Kumari Bank, the 'Kumari Sabal Yojana' offers units priced at Rs. 10 per unit. With a minimum of 15% of the total units reserved for secure investment, the remaining 8 crore 50 lakh units are now available for the general public to purchase.
Investors can apply for a minimum of 100 units and a maximum of 1 crore units, with the application process facilitated through designated offices of participating banks and financial institutions, authorized by the Nepal Stock Exchange Board. Furthermore, the scheme offers comprehensive services through member banks and financial institutions.
The launch of the 'Kumari Sabal Yojana' presents a promising opportunity for individuals and organizations to invest in Nepal's financial market. By channeling funds into various sectors, this initiative is expected to stimulate economic growth, create employment opportunities, and contribute to the overall development of the nation.
The sale of units for the 'Kumari Sabal Yojana' will remain open until the closing dates of Falgun 2 and Falgun 13, corresponding to the fast track and regular banking hours, respectively. Interested investors are encouraged to seize this investment opportunity before the deadlines.
The introduction of the 'Kumari Sabal Yojana' reflects the government's commitment to promoting a thriving economic environment and encouraging public participation in the financial market. This initiative is poised to contribute significantly to Nepal's economic progress, empowering individuals and fostering a culture of investment and entrepreneurship.
As Nepal continues to strengthen its economic foundation, the 'Kumari Sabal Yojana' stands as a testament to the nation's resolve to build a prosperous future, driven by inclusive growth and sustainable development.