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Rupa to provide loan subsidy to returnee migrants

KASKI:- Rupa Rural Municipality of Kaski district has accorded top priority for the youth self-employment programme targeting the returnee overseas migrants, who are arriving home after losing jobs from pandemic coronavirus.
Chairman of the rural municipality, Nabraj Ojha, said that such a programme was unveiled targeting the returnee migrants for entrepreneurship development adding that the youth entrepreneurs would be given loan subsidy to support their ventures.
He added that the foreign returnee youths would be provided with loan subsidy in four percent interest rate to create environment conducive for self-employment at home.
Ojha shared that Rs 15 million has been allocated under the youth and self-employment heading for the fiscal year 2020/21 with the plan to provide subsidy loan to around 1,000 youth. The loan would be given for animal husbandry, agriculture, small and cottage industries.
The rural municipality with 4,500 households and 22,000 population has also collected the data of individuals wishing to return home by visiting their households.
In the rural municipality, 1881 migrant workers have expressed their wish to return home by this year’s Dashain.
For agriculture, 11.6 million has been allocated while Rs 9.4 million for animal husbandry, Chairman Ojha said.

Published Date: Sunday, June 28th, 2020 | 06:44 PM

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