Wednesday, June 18, 2025

Agrawal funds for NAFIJ fellowships to journalists

Kathmandu, June 17

A memorandum of understanding (MoU) has been signed between the Nepal Association of Financial Journalists (NAFIJ) and Rajesh Kumar Agrawal – President of the Confederation of Nepalese Industries (CNI) and Executive Director of RMC Group – for the ‘Shrawan Kumar Agrawal NAFIJ Fellowship’ on Tuesday.

They agreed to establish an endowment fund of Rs. 700,000 for the fellowship. The MoU was signed by NAFIJ President Menuka Karki and Agrawal.

Agrawal had announced to establish the endowment fund for the fellowship in memory of his late father during the 15th Annual General Meeting of Nafij held in December last year.

Shrawan Kumar Agrawal died in August last year. He was a senior industrialist – founder of RMC Group - and Constituent Assembly member. He also served as the chairman of Marwari Sewa Samiti.

This will be the first endowment fund to be established at NAFIJ for awarding a fellowship.

According to the agreement, President Agrawal will personally contribute Rs. 700,000 to the endowment fund. NAFIJ will provide an annual fellowship of about Rs. 50,000 to one financial journalist from the fund. The fellowship will be awarded for investigative reporting in economic journalism, as mentioned in the agreement. NAFIJ will also assign a mentor to the fellowship recipient.

Agrawal expressed his belief that this initiative would further encourage financial journalists. Likewise, Karki said that the fellowship will be implemented from the upcoming fiscal year 2025/26.

Published in The Rising Nepal daily on 18 June 2025. 

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