Citizen Investment Fund (CIF) Purbanchal University Pension Fund: Contribution-Based Agreement
1st April 2025, Kathmandu
Citizen Investment Fund (CIF) has signed a new agreement with Purbanchal University, located in Gothgaun, Morang, to establish and manage a contribution-based grant and pension fund.
CIF Purbanchal University Pension Fund
The agreement was officially signed by Professor Dr. Bijukumar Thapliya, Vice-Chancellor of Purbanchal University, and Parbat Kumar Karki, Executive Director of Citizen Investment Fund.
Agreement Details
Vice-Chancellor Thapliya expressed his satisfaction with the agreement, noting that it would provide much-needed financial security for the teachers and staff of the university. He emphasized the importance of having a well-managed fund that would benefit the university’s academic community.
On the other hand, Executive Director Karki reassured that the fund would be effectively managed and that the participants would receive fair returns from their contributions. This initiative aims to ensure a stable and reliable financial system for university employees.
A Step Toward Financial Security
This agreement marks a significant step forward for both Citizen Investment Fund and Purbanchal University. By managing this grant and pension fund, the university will be able to offer long-term financial security to its staff. The contribution-based system will ensure that teachers and staff members receive regular financial support, even after their retirement.
The partnership reflects a broader trend where financial institutions are increasingly collaborating with educational institutions to create more sustainable financial systems. By establishing this fund, the two parties aim to ensure the long-term welfare of Purbanchal University’s employees.
Expansion into Investment Guarantees
In addition to the agreement with Purbanchal University, Citizen Investment Fund has also signed agreements with two hydroelectric companies. The fund has agreed to provide share guarantees for Sanigad Hydro Limited, with a total of 8.55 million shares priced at NPR 100 per share.
The total value of this agreement is NPR 85.5 million. This deal was signed by Executive Director Karki and Rajesh Kumar Shrestha, Managing Director of Sanigad Hydro Limited.
Furthermore, CIF has entered into a similar agreement with Kalanga Hydro Limited. The deal guarantees shares worth NPR 49 million, with 4.9 million shares priced at NPR 100 each. This agreement was signed by Karki and Khageshwar Bohora, Chairman of Kalanga Hydro Limited.
Broader Investment Strategy
These agreements reflect CIF’s growing investment in Nepal’s hydroelectric sector. By diversifying its investment portfolio, CIF is looking to generate sustainable returns while contributing to the country’s energy development. The funds will provide much-needed capital for these hydroelectric projects, which are crucial for Nepal’s energy needs.
Executive Director Karki highlighted that the Citizen Investment Fund would continue focusing on the proper management of both the pension funds and investment portfolios. He emphasized that the goal is to offer fair returns to participants and ensure that the funds are used effectively to support long-term growth.
Future Plans and Commitment
This partnership with Purbanchal University and the investments in hydroelectric companies are part of CIF’s ongoing efforts to contribute to Nepal’s development. With its broadening investment strategy, CIF aims to play a key role in both the education and energy sectors. The fund’s commitment to managing these resources efficiently will ensure that they continue to provide value for years to come.
Conclusion
The agreement between Citizen Investment Fund and Purbanchal University is a positive development for the financial security of university staff. With this contribution-based pension fund, both parties aim to improve the financial well-being of teachers and staff.
Additionally, CIF’s growing investment in the hydroelectric sector shows its commitment to supporting sustainable economic growth in Nepal. This partnership highlights the increasing role of financial institutions in contributing to the development of key sectors in the country.
For more: CIF Purbanchal University Pension Fund
