Nepali Highly Skilled Migrants have floated the idea of launching entrepreneurship business in the United Kingdom and expanding the regional committees and form a national level coordination committee with a view to strengthening its programme.
An extensive deliberation was held at the joint initiative of Nepali HSMP Forum Reading and South East London at Kathmandu Kitchen, Reading on 3rd May.
Though the exact figures of the Nepali HSMP migrants living in the UK is not known, it is estimated that there are about 500 migrants among them 145 engineers and 40 lawyers are affiliated to their respective organisations.
Presenting a joint paper on organising HSMP Group of the Nepalese HSMP migrants, Coordinator of HSMP South East London Yadav Shrestha and Co-Treasurer of HSMP Forum Ltd Dipak Gautam shed light on the contributions of the Nepalese HSMP migrants in the fight against the retrospective rule of the Home Office.
There are opportunities for the HSMP due to the increasing number of Nepalese community in the UK, they said. Instable policy of the government, credit crunch and the discrimination to the migrants, are the lists of threat the Nepalese migrants have to face like the HSMP migrants from other countries, Mr Gautam and Mr Shrestha said.
Networking of professional career, professional networking, cultural promotion, and formation of formal or informal national and regional level organisation or coordination committee to strengthen the activities of the Nepalese HSMP migrants should be the strategies of the HSMP, they said. It is decided that the formation of such committee will be made after holding formal and informal extensive discussion among the HSMP migrants.
Similarly, Samir Pyakurel and Lekhnath Bhandari presenting paper on Entrepreneurship and Business, shed light on Credit Union Ltd, which can be launched with a limited number of members and capital.
Informing about the Credit Union, Mr Pyakurel said its main sources of income is from members savings, juvenile deposit, borrowing from financial institutions and grants from various institutions.
“This is the demand of the time and like the cooperative of the Nepal”, he said and added that this is a mutual membership based financial institution regulated by the Credit Union Act of 1979. This will help make regular savings, learn new skills and unite the Nepalese community in a common bond that is one of the criteria of the Union, he said.
Mr Pyakurel and Mr Bhandari, who have wealth of experience in accounting and banking in Nepal, said this is fully regulated by the FSA, there is a deposit limit of 10,000 or 1.5 percent whichever is the greater, dividend to the members, invest to juvenile, interests and cost free grants among others.
Mr Pyakurel also shed light on the registration process for the credit union and it can be opened if there are sufficient evidences that the regular savings can be made and at least 21 members are ready to invest. The first part of the programme was chaired by Dr Nabin Acharya, Co-ordinator of HSMP Forum Reading and the second phase programme was chaired by Mr Yadav Shrestha, Co-ordinator of HSMP South East London while the programme was conducted by Anand Bhandari.
Dr Sitaram Basnet, Krishna Paudel, who has recently completed PhD from the University of Reading and Tank Niraula, who is a PhD Student of the University of Bristol, commented on both the papers and provided some feedback while some members of the HSMP participating at the programme presented their views, opinions and suggestions.
This is the first time that the Nepali HSMP held such a discussion to take initiative to start business and strengthening their activities. About 25 HSMP migrants participated in the programme.
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