of the fund (1) According to Section 51 of the Act, the Government of Nepal shall establish an Industrial and Investment Promotion Fund for the promotion and protection of the country's industrial investment.
(2) In the fund as per sub-rule (1) there shall be an amount as per sub-section (2) of section 51 of the Act and such amount shall be deposited in the bank by opening an account in the bank and depositing it in any commerce of "A" category licensed in accordance with prevailing laws relating to banks and financial institutions. (3) The account of the fund as per sub-rule (1) shall be operated by the joint signature of the authorized level employee and the head of accounts of the ministry designated by the secretary of the ministry.
(4) The funds in the fund as per sub-rule (1) shall be spent in accordance with sub-section (3) of section 51 of the Act, subject to the approved annual program of the fund.
(5) According to sub-rule (4), when choosing an annual program to be spent from the amount of the fund, the program run by the Government of Nepal, State Government or local level should be selected in such a way that there is no duplication.