Private sector rallies with millions for Bhotekoshi flood victims

Nepal's private sector is stepping up with substantial financial contributions to aid victims of the devastating Bhotekoshi River floods. Companies, financial institutions, and individual donors have collectively pledged millions of rupees towards the Prime Minister's Disaster Relief Fund, supporting ongoing rescue operations, medical care, and recovery efforts for displaced families.

Among the largest corporate donations, Surya Nepal Private Limited announced a contribution of Rs150 million. The Jyoti Group, through Padma Jyoti Group, pledged an additional Rs50 million, emphasizing the need for a unified national response. Financial institutions have also made significant commitments, with Prime Commercial Bank contributing Rs30.1 million and Agricultural Development Bank pledging Rs30 million. Nepal Life Insurance followed with a Rs25.1 million donation.

Other notable contributions include Rs11.1 million from Morang Auto Works and Rs10.1 million from Asian Life Insurance. Several companies and business groups, including SuryaJyoti Life Insurance, Syakar Trading, and Jawalakhel Distillery, each donated Rs10 million. Industrialist Bijay Kumar Shah also made a personal donation of Rs10 million.

The fundraising initiative extends beyond large corporations. Eighty-seven-year-old philanthropist Raji Rana personally handed over Rs10.98 million. Insurance companies, development banks, and industry associations are actively participating. Sanima Reliance Life Insurance pledged Rs7.2 million, while the Nepal Cement Manufacturers’ Association and Prabhu Mahalaxmi Life Insurance each contributed Rs5.1 million. Muktinath Bikas Bank pledged Rs5 million, and MetLife Nepal contributed Rs3 million.

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a collective national response was needed to help affected communities recover and restore normal life.