Kathmandu, May 31
South Korea has
initiated a project to support the returnee migrant workers in taking up
entrepreneurship projects in Nepal. For it, Nepal and South Korea have signed
an agreement for technical cooperation worth US$8 million for the project
'Strengthening Stage-wise Support System for the Stable Reintegration of Korea
Returnee Migrants in Nepal' on Tuesday.
The Ministry of
Labour, Employment, and Social Security (MoLESS) of Nepal and Korea
International Cooperation Agency (KOICA) signed Record of Discussion (RoD) for
the project on behalf of their respective governments.
Joint Secretary
of MoLESS, Ramchandra Dhakal and KOICA Nepal Country Director Sunghoon Ko
signed the agreement. Korean government through KOICA will spend US$ 8 million
for the project.
The project
period is seven years starting from 2022. The project will be implemented by KOICA
and Department of Foreign Employment (DoFE) - Employment Permit System (EPS)
Korea Section, KOICA said in a statement.
"The main
objective of the project is to contribute for socio-economic development of Nepal
and increase employment through stable reintegration of Korea returnee migrants
and enhancement of their entrepreneurship capacity," read the statement.
The project
also aims to create virtuous cycle and support systems for Korea returnee
migrants in Nepal for their enhanced information accessibility, and increased
access to financial support. It will target Korea returnee migrant workers
only.
To support the
returnee migrant workers, a fund will be maintained at Agriculture Development
Bank Limited. Additionally, a one-stop mobile platform will be developed targeting
returnee migrant workers for providing comprehensive reintegration information.
Secretary of
the MoLESS, Ek Narayan Aryal said that that the project will support the Korea returnee
migrant workers in meeting their requirement of information and financial
access.
Similarly,
Sunghoon shared that the project will support in socio-economic development of
Nepal and increase employment through stable reintegration of Korea returnee migrants.
Published in The Rising Nepal daily on 1 June 2022.
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