16th five-year plan being prepared to bring back migrant workers

Kathmandu : Vice-Chairperson of the National Planning Commission, Dr Min Bahadur Shrestha, has said the 16th five-year plan was being prepared in a way it would bring back those Nepalis who are in overseas employment.

He shared this at an interaction on ‘Existing economic challenges and roadmap of entrepreneurship’ organised as part of the third Nepal Youth Entrepreneurship Summit jointly organised by National Youth Council, and Nepal Business Institute here today. Saying the concessional loan provided to youths has now been stopped as it could not give productive result, Vice-Chair Shrestha mentioned, “We provide concessional loan to youths.

But it could not increase employments and productive result.” On the occasion, Secretary at the Ministry of Industry, Commerce and Supply, Madhu Kumar Marasini, admitted that issues of youths were not resolved due to problem in policy implementation. He expressed the view that many problems of youths could be resolved if discussion would be held sitting with youths.

Likewise, Chairperson of Nepal Bankers’ Association, Sunil KC, stressed that there should be guarantee of return of the investment. Stating that they were willing to invest in youth sector, he shared that some banks are being afraid to invest in industries as there is risk of investment return. Former President of Federation of Nepalese Chambers of Commerce and Industry, Bhawani Rana, pointed out the need of seeking new destinations for entrepreneurship of youths, laying emphasis on making youths entrepreneurs by amending policy and regulation.

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