In addition to the functions, duty and rights mentioned elsewhere in these Rules, the functions, duty and rights of the Board shall be as follows:-
(a) To prescribe the amount necessary to be kept in the Fund from time to time from the Government of Nepal, Nepal Rastra Bank, banks and financial organizations,
(b) To identify the frail industries,
(c) To identify the reason of frailty of industry,
(d) To make feasibility study in regard to reformation of the frail industries,
(e) To prescribe the standard of the functions to be done while reforming the frail industries (financial and non-financial assistance),
(f) To make coordination with the bank and financial organization as per necessity in course of reformation of frail industries,
(g) To implement and get implemented the function of reformation of frail industries,
(h) To monitor and evaluate and get monitored and evaluated the  situation of operation of frail industries that are within the scope of reformation,
(i) To submit report by reviewing the progress of reformation function,
(j) To take and cause to be taken necessary action by making coordination with the agencies like industry, creditor bank in regard to dissolution of the frail industry that cannot be reformed,
(k) To carry on other necessary function in regard to reformation of the frail industry.