KATHMANDU, May 2: Prime Minister Pushpa Kamal Dahal has pledged to set up an Innovation Fund through the government’s policies and programs and budget for the new fiscal year. The move is aimed at expanding the information technology sector, he said.

In his address to a program organized on the occasion of the 7th National ICT Day today, PM Dahal said that groundwork was being done for the formulation of necessary laws for the establishment of the Innovation Fund.

"The government believes that economic and social transformation can be achieved only through the development, expansion and use of communications and information technology," he said, adding that the young scientists will be encouraged to earn income through information technology.

He made it clear that the government was seriously working to integrate and effectively implement the 'Startup Program' focusing on the youth.

Prosperity could be achieved through development, good governance and employment only by accepting information technology as the 'leading factor', the Prime Minister said while appealing to all concerned for rapid development in the field of communications and information technology for economic and social transformation of the common people through it.

"The government is committed to making necessary policy and legal arrangements to ensure the development, expansion and safe use of information technology," he noted.

PM Dahal said the incidents related to cybercrime which has been on the rise lately would be controlled through legal and policy measures.

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