Former NRRNA President Sharma Advocates for Transforming Remittances into National Capital
Summary
R.K. Sharma says a campaign is underway to turn small remittances from non-resident Nepalis into productive investments through the proposed Nepal Development Fund. He says the fund aims to mobilize savings from Nepalis abroad for job creation, production, infrastructure development and long-term economic growth.
Key Points
- R.K. Sharma says the Nepal Development Fund has entered a significant phase after a recent Council of Ministers decision.
- The proposed fund is designed to channel small savings from Nepalis living abroad into productive national investments.
- The fund is expected to start at NPR 10 billion and expand over time.
- Sharma says it could support job creation, domestic production, import substitution and infrastructure development.
