Youth Entrepreneurship in Nepal
Entrepreneurship is the backbone of economic growth and development. Entrepreneurship is the process of creating something different with value by devoting the necessary time and effort, assuming the accompanying risks, and receiving the resulting rewards. It is important to note that Entrepreneurs are made and anyone can become an Entrepreneur. If you have entrepreneurial skill and want to share these knowledge to nepali youth voluntarily then VIN heartily welcomes you to join our Youth Entrepreneurship program.
The ILO estimates that some 88 million young women and men throughout the world are unemployed. The scenario is even worse in the least developed countries like Nepal. According to the report of Nepal Rastra Bank (Central Bank of Nepal), remittance contributes about 25% to the country’s GDP and also according to the report of Department of Immigration of Tribhuvan International Airport 1500 plus Nepali youths migrate abroad daily to foreign job market. These two facts show the pathetic situation of youth migration in Nepal.
Low employment opportunities for youth as per their qualification, capabilities and competencies, unsupportive business environment and lack of adequate fund to conduct business force youth to migrate abroad. Nepal is getting huge amount in the form of remittance from foreign job market, it is obviously positive aspect. But it adversely affects Nepalese social and economic environment in a long run. Nepalese society is gone through ex-martial affair, high divorce rate in between couples, children are following wrong direction in the absence of their parent, and elder citizen are losing their children’s support at their old age. So youth migration has brought so much social disorders in the country. On the other hand migrated youth faces different hurdles in foreign job market. Sometime, it may be heard that some of them died because of extreme physical and psychological pressure from their employer in foreign country.
Nepalese are financially very poor, only few elite group of society have better life, majority of citizen struggle for basic needs. Youth are unemployed, frustrated and trapped in drug abuse. These youth engaged in burglary, robbery to fulfill their drug needs. Low access to employment make Nepalese youth’s future dark. These youth are capable enough to work but they lack proper direction to utilize their skills & energy. We lack youth empowerment strategies by the government. Effective mentor can bring them in right track, help them to recognize their strengths and make them their own boss by conducting business in their own community by utilizing their local resources. Make them feel there is nothing more liberating than being your own boss and doing a job you love.
Keeping youth force in our own country with some incentives is a sustainable approach of development. We will otherwise lose our active human resources and the country becomes very dependent on import by not producing what we need for our day to day life. So teaching youth Entrepreneurship skills is very essential to keep the active manpower in the country. There are full of possibilities, all we need is prepare youth strategies – implement some incentives, conduct projects and can immediately see the impact.
If you give a fish to a beggar, it means you feed him just once but if you teach him how to catch a fish, this means you feed him forever. Do not make Nepali youth a parasite by providing financial help but teach them business skill and help to develop youth entrepreneurs in Nepal. Let them have dignified life within their own country, help them to use their knowledge and skill to utilize their local resources for the development of their community from the youth entrepreneurship programs.
By Kapil Thapa