KATHMANDU, Dec. 18 (Xinhua) -- The government of Nepal has been planning to bring forth some 73,000 small entrepreneurs within the next five years, government officials said on Tuesday.
The government has also been planning to create more than 30, 000 jobs during the coming five years by improving environment for small, medium and large scale industries. Currently a daily average of 1,000 people in Nepal are seeking employment in other countries.
The government launched a five-year project, Micro Enterprise Development for Poverty Alleviation (MEDPA), in August 2013 to July 2018, so as to foster small, medium and big entrepreneurs in all 75 districts of the country.
"The MEDPA project aims to foster micro-enterprise development and self employment in rural areas, consequently elevating poverty reduction in Nepal," Industry Secretary Krishna Gyanwali told Xinhua over phone.
MEDPA is a replication of Micro-Entrepreneurship Development Program (MEDP) launched by UNDP in 2009.
MEDP is one of the most effective entrepreneurship development programs in the country. Its impact assessments have shown the program had contributed significantly to development of business enterprises and self employment especially in rural Nepal.
"Following the success of the program, the government has fully owned this project from this fiscal year," its Secretary Gyanwali added.
He said the project focused on supporting households living below the poverty line, women and socially excluded people by strengthening the national system to enhance micro-enterprise.
"The desired motto will be achieved by developing and implementing policies for the support of micro-entrepreneurship, as well as by strengthening access to markets, finance and business development services," Yam Kumari Khatiwada, joint secretary at the Industry Ministry told Xinhua.
She said the ministry will give all necessary training to enhance entrepreneurial skills, to explore market opportunities and initiate the enterprises among interested people.
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