Section 16
Relating To Economic Assistance
16. Relating to economic assistance :
(1) Social organizations and institutions willing to get material, technical, economic or any other kind of assistance either from Government of Nepal or foreign countries, international social organizations and institutions or
missions or individuals shall submit a project proposal and application along with other details to the Council as prescribed.
Provided that, yearly assistance up to Two Hundred Thousand Rupees for the project that to be finished immediately may be taken only giving prior notice to the Council and after the completion of said work, a report should be submitted to the Council, within the period of three months.
(2) After receiving an application pursuant to Sub-section (1) the Council shall provide permission coordinating with the concerned ministry or agency within the period of forty-five days.
Provided that, no permission may be given to the work or project which is against the national interest.
(3) To cooperate and coordinate with local agency while implementing the approved project.
(4) Notwithstanding anything stated in Sub-section (1) no pre-permission shall be required to those international institutions established under international Agreements in which Government of Nepal is a party for assistance that relates emergency relief services.
Provided that, notice shall be given to the Council after receiving such assistance.
(5) While providing economic assistance to the approved projects by the foreign organizations, assistance shall be channelized through the commercial banks operating within Nepal.
(1) Social organizations and institutions willing to get material, technical, economic or any other kind of assistance either from Government of Nepal or foreign countries, international social organizations and institutions or
missions or individuals shall submit a project proposal and application along with other details to the Council as prescribed.
Provided that, yearly assistance up to Two Hundred Thousand Rupees for the project that to be finished immediately may be taken only giving prior notice to the Council and after the completion of said work, a report should be submitted to the Council, within the period of three months.
(2) After receiving an application pursuant to Sub-section (1) the Council shall provide permission coordinating with the concerned ministry or agency within the period of forty-five days.
Provided that, no permission may be given to the work or project which is against the national interest.
(3) To cooperate and coordinate with local agency while implementing the approved project.
(4) Notwithstanding anything stated in Sub-section (1) no pre-permission shall be required to those international institutions established under international Agreements in which Government of Nepal is a party for assistance that relates emergency relief services.
Provided that, notice shall be given to the Council after receiving such assistance.
(5) While providing economic assistance to the approved projects by the foreign organizations, assistance shall be channelized through the commercial banks operating within Nepal.