Global Forum on Migration and Development
Published on the Global Forum on Migration and Development Web Portal (https://www.gfmd.org)


Date Shared: 
Tuesday, August 13, 2019 - 12:02
Title: 

Loan Programme for Returned Nepalese Migrants

Countries and areas: 
Nepal
Partner(s): 
National Government of Nepal
Thematic Area: 
Labour migration and mobility
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.

GFMD Source: 

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

Link: 

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


Source (retrieved on 07/05/2025 - 00:47): https://www.gfmd.org/pfp/ppd/11287