Kathmandu: Nearly Rs 8 billion has been collected in government funds to support victims of the devastating Bhotekoshi flood, with the money intended for rescue, relief and rehabilitation efforts.
The government had appealed for financial assistance from individuals, organizations, various institutions and the international community following the massive flood that caused extensive loss of lives and property.
Prime Minister Balendra Shah provided details of the funds during a briefing in the House of Representatives on Wednesday on the flood situation and the government's response.
According to Shah, a total of Rs 7,00,88,57,217 had been collected in the government account by Wednesday afternoon.
The government has already released Rs 1 billion from the fund for immediate relief and rescue operations. Following the disbursement, Rs 6,00,88,57,217 remained in the fund, according to the prime minister.
The government has said the collected funds will be used to provide immediate assistance to flood-affected families and support rescue, relief and long-term rehabilitation efforts in the affected areas.
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