Nepal govt launches Social Security Scheme

Nepal government has launched a Social Security Scheme for formal sector workers of the country.

Unveiling the scheme in Kathmandu on Tuesday, Prime Minister KP Sharma Oli said, a new era of social security has begun in Nepal.

He said it was very necessary to strengthen the system in which the government is accountable to its people.

Mr. Oli further said that people of all ages and categories would be included in the scheme.

The new social security scheme is contribution based and it will cover health and medical facilities, safe motherhood, accident and physical incapacity security, security to dependent family members and security at old age.

The scheme will be compulsorily applicable to formal sector workers. The scheme will soon be extended to informal sector workers as well.

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