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Home Prime News

Japan to provide Rs 385m for Nepal’s HR development

CEO Tab by CEO Tab
July 13, 2023
in Prime News
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Concessional loan worth Rs 10.47 billion received from Japan
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The governments of Nepal and Japan have signed a memorandum of understanding (MoU) in regard to the implementation of the phase III of ‘The Project for Human Resource (HR) Development Scholarship by Japanese Grant Aid (JDS)’ programme.

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Finance Secretary Arjun Prasad Pokharel and Japanese Ambassador to Nepal, Kikuta Yutaka, signed and exchanged the MoU on behalf of their respective governments amid a ceremony at the Ministry of Finance today.

As per the agreement, the Japanese government will provide Rs 385 million to Nepal for the implementation of the scholarship programme in 2023 and 2024. The facility is targeted at civil service employees to pursue Master’s degree and PhD.

Nepal has been receiving this kind of financial support for human resource development from Japan since 2015. So far, 100 civil service employees have benefited from the Japan-funded scholarship scheme.

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