Home National YOUTHS FLEW ABROAD BY TAKING LOAN IN THE NAME OF SELF-EMPLOYMENT FUND

YOUTHS FLEW ABROAD BY TAKING LOAN IN THE NAME OF SELF-EMPLOYMENT FUND

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Ilam, Sept. 8:  It has been revealed that youths of Fikkal in Ilam district have flown abroad by taking amount from the Youth Self Employment Fund. The fund had provided loans amounting to Rs. 5 million to Panchakanya Multi Purpose Cooperative at Fikkal.

The cooperative had provided Rs. 50,000 per person to 70 persons to make them self-employed by running businesses.  Seven people were found to go abroad for foreign jobs by taking loans from the cooperative, said Fund’s District Member Secretary Hari Mainali. “It is not proper to go abroad by taking loan in the name of business,” he said.  The seven have gone to Malaysia, Qatar, and Saudi Arabia, he said, adding, “We can not say they can not go abroad, but those who have taken loans for business should not go.”

There is a provision to return the loan if they had to go abroad, but as they did not return, action will be forwarded, said the Self Employment Fund. Action can be as severe as not providing any facility from Nepal government, the fund said.  However, the business of four people starting pig rearing was found vulnerable when they had taken loans of Rs. 600,000 from the cooperatives, Mainali said.  When monitored, there was only the pigsty and only three four pigs and they too were in a condition of dieing.

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