Nerude Mirmire and Upakar Microfinance Join Citizen Investment Trust

13th August 2025, Kathmandu

In a significant move aimed at enhancing the financial security of their employees, Nerude Mirmire Laghubitta Bittiya Sanstha Limited and Upakar Microfinance Financial Institution Limited have officially joined the popular grant and pension scheme operated by the Citizen Investment Trust (CIT).

Nerude Mirmire and Upakar Microfinance

This partnership is set to benefit over 1,200 employees, providing them with a robust framework for retirement planning and access to a range of financial services.

The inclusion of these two prominent microfinance institutions marks a growing trend among organized sector companies in Nepal to prioritize long-term employee welfare. Nerude Mirmire, with its extensive network, will see approximately 1,100 of its employees participate in the scheme, while Upakar Microfinance will contribute over 100 employees.

This follows the path of National Microfinance Financial Institution Limited, which had already integrated its employees into the program, showcasing a clear industry-wide recognition of the scheme’s value.

Understanding the CIT Grant and Pension Scheme

The Citizen Investment Trust’s grant and pension scheme is not a new initiative. Established back in 1998 (2055 B.S.), its core objective has been to collect and strategically invest the grant and pension contributions of employees from various organized institutions. The ultimate goal is to ensure a stable financial payout to employees upon their retirement, guaranteeing a secure future after their working years.

The scheme’s flexible structure allows organized institutions and their employees to join on either a contributory or non-contributory basis, providing options that can be tailored to the specific needs and financial capabilities of the organization. This adaptability has been a key factor in its widespread adoption across the country.

Growth and Impact

The scheme’s reach is expanding rapidly. With the addition of Nerude Mirmire and Upakar Microfinance, the total number of participating employees is set to grow significantly. As of now, the scheme has successfully enrolled about 33,000 employees from 1,150 organized institutions.

This steady growth reflects the trust and confidence that both employers and employees have in CIT’s management and the scheme’s long-term viability. The program is not just a savings plan; it’s a commitment to building a financially stable future for thousands of hardworking individuals in Nepal.

A Gateway to Financial Benefits

Beyond the primary goal of providing a retirement fund, participation in the CIT scheme opens up a wealth of financial opportunities for employees. One of the most attractive features is the access to a variety of loan facilities. Employees can leverage their participation to secure essential financing for major life events and emergencies.

The available loan facilities include:

• Housing Loans: A significant benefit, these loans make it easier for employees to achieve the dream of homeownership.
• Home Repair, Renovation, and Restructuring Loans: For existing homeowners, these facilities provide the necessary funds to maintain and improve their properties.
• Home Furnishing Loans: Helping employees create a comfortable living space without financial strain.
• Easy Loan Facility: An invaluable resource for emergency situations, providing quick and easy access to funds when they are needed most.

These loan options are designed to support employees throughout their professional and personal lives, making the scheme an all-encompassing financial tool. The convenience of having these facilities readily available through their pension fund provider simplifies the borrowing process and offers competitive terms.

This move by Nerude Mirmire and Upakar Microfinance is a model for other financial institutions and companies. By prioritizing employee well-being through comprehensive schemes like this, they are not only fostering a loyal and motivated workforce but also contributing to the broader goal of a financially secure society.

For more: Nerude Mirmire and Upakar Microfinance