Fifty Million Indra Jatra Festival Preservation Fund
Kathmandu – The government has announced a permanent 50 Million Indra Jatra Festival Preservation Fund to manage and organize Indra Jatra. As per the decision of the Council of Ministers on 8th September, minister for culture, tourism and civil aviation Rabindra Adhikari has declared to establish ‘Indra Jatra Festival Preservation Fund’.
In the Fund, the government of Nepal is going to deposit Rs. 15 million, State Government-3 is going to deposit 10 million rupees, Kathmandu Metropolitan is going to deposit 20 million rupees and Guthi Institution is going to deposit 5 million rupees, informed Adhikari. He added that arrangements have been made to arrange expenditure annually at an interest of Rs. 50 million.
A Fund Management committee will be chaired by the Chief of the Kathmandu Metropolitan to operate and manage the funds. This committee manages Indra Jatra every year.
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