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Chapter-2 Establishment, objectives, functions, duties and powers of the Fund

Chapter-2 Establishment, objectives, functions, duties and powers of the Fund
3. Establishment of the Fund :

(1) A Fund called ‘Poverty Alleviation Fund’ shall be established.
(2) The central office of the Fund shall be located in Kathmandu valley and the Fund may establish its other offices in any place within Nepal as per necessity.

4. Fund to be an autonomous institution :

(1) The Fund shall be an autonomous and a corporate body with perpetual succession.
(2) The Fund shall, for its activities, have its’ own separate seal.
(3) The Fund may acquire, possess, sell or otherwise manage any  movable and immovable property as good as a person.
(4) The Fund may sue or be sued by or against its name as good as a person.

5. Objectives of the Fund : The objectives of the Fund shall be as follows;
(a) To uplift economic and social status of the poor person, household or community through social mobilization; to ensure their access in the service and facility what they need and to enable them to utilize it; and to cause to build up their capacity so that they can exercise their right, claim and power by making them active in the decision
making process of the local development fund.
(b) To cause to conduct the programme of economic, social and physical infrastructure by identifying economically or socially backward person, household or community and who are remained below the
poverty line for uplifting their economic and social status and for enhancing their capacity.
(c) To co-operate the poor person household or group for uplifting their economic and social status by identifying the root causes of poverty in local level and by utilizing the local know-how and resources
through the medium of social mobilization.
(d) To maintain or cause to maintain co-ordination between partner organization.
(e) To supply economic and technical support for mobilizing the resource for poverty alleviation and for institutional development thereof.

6. The programmes to be conducted by the Fund : Basically the following programmes, as per local demand, shall be conducted to achieve the objectives of the Fund;
(a) The programme relating to income generation, skill development, employment creation and growth and production growth such as agriculture, livestock, aviculture, sewing, cottage and small industry
based on local resources and raw materials.
(b) The programme relating to Primary Health, literacy, technical education, employment training for youth, small irrigation, small bridge, suspension bridge, drinking water, sanitation, rural road,
rural energy and environment to render support for poverty alleviation as per necessity.
(c) Construction programme for small scale infrastructures identified by the community.
(d) The programme relating to training, seminar, field visit etc which builds up the capacity of the person, household, community institution and staffs involved through the medium of social mobilization in the programmes which develop the working method for conducting poverty alleviation programme through the partner
organization.
7. Functions, duties and powers of the Fund : The functions, duties and powers of the Fund shall be as follows;-
(a) To approve the policy, plan and programme related to the operation and management of the Fund,
(b) To approve annual and periodical programme and budget of the Fund and to manage or cause to manage for necessary fund, (c) To prepare poverty alleviation programmes and to mobilize partner
organizations for conducting such programmes (d) To prepare criteria and procedure for providing grant and assistance in order to conduct poverty alleviation programmes and to provide grant and assistance accordingly,
(e) To set poverty indication criteria and indicators for particular place,  region, person, household or community and to conduct poverty alleviation programmes accordingly and to evaluate the outcome,
(f) To carry out or cause to carry out regular follow-up and evaluation of poverty alleviation programme conducted upon taking grant or support from the Fund.
(g) To approve the plan and programmes submitted to the Fund.
(h) To cause to carry out the annual audit of the Fund.
(I) To submit an annual report, on the works that the Fund has performed, to the Nepal Government.
(j) To approve organizational structure of the Fund and to create necessary posts and seats for human resources accordingly.
(k) To perform other necessary works to achieve the objectives of the Fund.

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