NYC helping youths become entrepreneurs

Kathmandu, 15 September (2021) - The National Youth Council (NYC) is to produce youth entrepreneurs. It has started to tie up with local levels and banks in order to guide the youth towards entrepreneurship through the Youth Entrepreneurship Promotion Programme, keeping in view the employment opportunities at the local level itself.

Council vice-chairperson Madhav Prasad Dhungel said the Programme has been run for making the local youths entrepreneurs by reaching tripartite agreement among the Council, the local level and bank from the current fiscal year.

Under the programme the Council will facilitate the local level and the banks for issuing concessional loans as per their capacity.

Dhungel said the Programme has been implemented for linking the youths to production through entrepreneurship and for minimizing the youths' migration to foreign countries for employment, by creating employment opportunities within the country.

The NYC will provide training on entrepreneurship to the youth selected by the local levels. It has with it 70 trainers and a team of psychologists for imparting training to the selected youths.

The psychologists will first give a test to the youths to assess their entrepreneurial acumen and capacity. The youths will be given training only after such tests are conducted. 

Under the Youth Enterprise Promotion Programme, the Council has reached agreement with three local levels and banks for making the youths employed at the local level.

In this connection, a tripartite agreement was reached on Tuesday among the Council, the Chainpur Municipality of Sankhuwasabha and the Rastriya Banijya Bank (RBB) regarding issuance of concessional loans for making the youths in Chainpur Municipality self-employed. 

On the occasion, Council executive vice-chair Dhungel, Chainpur Municipality mayor Bharat Kumar Khatri and RBB Chief Executive Officer Kiran Babu Shrestha signed a memorandum of understanding for making the selected youths from Chainpur Municipality self-employed through entrepreneurship development and by providing concessional loans.