Remittances uplifting rural lifestyle: Finance Minister

Finance Minister Janardan Sharma ‘Prabhakar’ has said that remittances from Nepalis who have gone for foreign employment have helped in improving the rural economy.

Addressing the 22nd anniversary of IME Limited, a remittance company under IME Group, Finance Minister Sharma said that the role of remittance companies in earning foreign exchange is significant.

‘Remittances have increased the spending capacity of rural areas. It has also helped a lot in the government’s initiative to alleviate poverty,’ he said, ‘Remittance companies are becoming a means to send the earnings of Nepalis living abroad safely to Nepal.

He further assured to bring policies and programs to sustain this industry.