Loan Programme for Returned Nepalese Migrants

Date Shared:

Tuesday, August 13, 2019 - 12:02

Countries and areas:

Nepal

2030 Agenda migration-relevant and related target Labels:

Goal 8: Decent work and economic growth

Targets that contribute to employment or employment creation

Targets that could benefit from the potential of migration and migrants

GCM Thematic Cluster Areas:

Objective 2: Minimize the adverse drivers and structural factors that compel people to leave their country of origin

Objective 19: Create conditions for migrants and diasporas to fully contribute to sustainable development in all countries

Objective 21: Cooperate in facilitating safe and dignified return and readmission, as well as sustainable reintegration

Contributors:

Member States

Chairmanship:

Ecuador 2019

Geographical Relevance:

National

Tags:

Migration, Agriculture and Rural Development, Transfer of Values, Ideas, Knowledge and Skills, Return and Reintegration, Migrant Protection and Assistance, Decent Work, Local Development, Livelihoods and Job Creation, Empowerment and Rights of Migrants

Summary:

Loan Programme for Returned Nepalese Migrants provides loans of 1 million Nepalese rupees ($8,908) to people who had returned to Nepal in the three years preceeding the beginning of the programme (November, 2018). The loans are meant to be used to build businesses and should be repaid within five years.

To get the loan, applicants must first pass a skills verification test designed by the Council for Technical Education & Vocational Training (CTEVT), and should submit a clear business plan along with necessary documents certifying their experience and skill in a particular sector.

Link:

https://kathmandupost.com/national/2018/12/23/soft-loan-attracts-migrant-returnees

GFMD Source:

GFMD 2019 - Background Paper RT 3.2 "Harnessing migration for rural development"