KATHMANDU: The government has announced the Prime Minister Employment Program in a bid to create massive job opportunities for Nepali youths in the country, thereby discouraging foreign employment.
According to the Ministry of Labor, Employment and Social Security, the government is introducing programs to create 200,000 jobs in the fiscal year 2018/19 and 700,000 jobs in 2022/23.
The government will provide subsidized loans to youths to start up their own business.
The much-hyped Prime Minister Employment program will begin from February 13.
Under this program, the government can issue loans to students based on their educational certificates as collateral, provide up to Rs one million to foreign employment returnees based on their skills and Rs 500,000 seed money to start up their own businesses.
The ministry is making a study how the culture of entrepreneurship can be fostered among Nepali youths. Though it is a challenging task to stop foreign employment, the government is working towards achieving the goal by managing the internal labor market, said Dahal stated.
Minister for Labor, Employment and Social Security Gokarna Bista said that the government has established an information center in all the seven provinces under the Ministry of Social Development to achieve this goal.
“Creating as many jobs as possible by managing internal labor market is the latest goal of the ministry,” said Minister Bista, adding, “We should focus on the youth-friendly programs to stop the exodus of Nepali youths into the foreign lands for abroad jobs.
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