FNCCI President Dhakal recommends utilizing Social Security Fund in productive sectors

KATHMANDU: Chandra Prasad Dhakal, President of the Federation of Nepalese Chamber of Commerce and Industries, has suggested the government invest the funds from the Social Security Fund in productive sectors.

Speaking at the Social Security Day 2080 event in Kathmandu, Dhakal highlighted that within a short span of six years, the fund has accumulated more than NPR 45 billion, making it one of the most substantial financial reserves in Nepal.

“We cannot leave the 45 billion rupees in the bank. It is essential to create a mechanism and invest this amount in the productive sector,” emphasized Dhakal during the program. He commended the Social Security Fund’s significant contribution to improving relations between employers and laborers in a short period.

Dhakal further suggested that part of the fund be utilized to address the economic crisis faced by vulnerable populations, especially those returning from foreign employment. He noted that the fund’s success is due to its efforts to enhance relationships between employers and laborers in the labor sector.

The president emphasized the need for amendments to labor laws and contributions to social security based on cooperation and extensive research. Dhakal expressed confidence that these policy improvements would lead to a successful and effective implementation of the social security system.