Uncategories Self employment in Nepal

Wednesday, 27 April 2016

| 01:41

Self employment in Nepal

Entering gainful employment remains a challenge for many Nepalese youth due to low basic educational levels and limited access to vocational training, which often does not respond to market needs. Employment Fund contributes to enable skilled youth to enter the labour market and to establish small enterprises with the aim of gainful (self-) employment.However a man in Nepal who started iron work is an example of successful story. Every year, more than 4 million Nepalis travel abroad for work, with numbers increasing at an average of 47% between 1999 and 2009. Migrants find employment in India, the Gulf and elsewhere (see figure 1 for migrant destinations), typically accessing opportunities through informal agents, or a combination of informal and legal manpower agencies. Migration is ubiquitous, common across all geographic regions and ethnic and social groups, and with high participation across all wealth as well. Migration touches the lives of the majority of Nepalis, whether directly or through family members: 55% of Nepali households receive remittances, which contributed at least 25% of Nepal’s GDP. Migration is also an inclusive phenomenon, with more than half of the impressive reductions in poverty in Nepal over the past two decades directly attributed to remittance income
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