Ensure low-interest loan for people going abroad for employment, PM directs Labour Ministry

By TRN Online, Kathmandu, Jan 9: Prime Minister Pushpa Kamal Dahal 'Prachanda' has directed the Labour Ministry to make arrangements for loans with low interest to people going abroad for employment saying that the youths who go for foreign employment are cheated by loan sharks and brokers.

At a discussion with the Ministry of Labour, Employment and Social Security held at Singha Durbar on Tuesday afternoon, the PM instructed to make a provision to give low-interest loans to youths flying abroad for employment. 

The PM said, “Make an arrangement to invest the money deposited in the Social Security funds in a project from where optimal benefits can be achieved. Make a result-oriented arrangement of the environment to invest in a project which makes foreign workers entrepreneurs and to utilize the skills and finance of those who have returned from the foreign employment aptly.”

“Implement with priority to involve all the formal, informal, those who have gone in foreign employment, and self-employed in the social security and expand it further,” The PM said.