UNDP, AusAID sign cost sharing agreement to boost micro-enterprises

03 Jun 2011

UNDP and AusAID have signed a 1.5 million AUD cost sharing agreement to further support the Micro-enterprise Development Programme (MEDEP). The additional fund received will be spent on improving the policy environment at the macro level, strengthening the capacity of the local bodies, non-government and private sector organisations.

At least 1500 new entrepreneurs will be created and 2500 existing entrepreneurs belonging to a low income group will be provided with skill development trainings and various kinds of technical support for expanding their enterprises and linking their products to the market.

MEDEP has succeeded in creating more than 50,000 micro-entrepreneurs (68% women, 25% Dalits/marginalized and 69% youths).

The November 2010 impact study conducted on MEDEP’s contribution to the achievement of the Millennium Development Goals reflected that nearly 3/4th of the programme households have moved out of poverty (73.1%). A flagship enterprise promotion programme of the Government of Nepal (GON), MEDEP was initiated in 1998, targeting the poor and excluded groups. During its course of implementation, other bilateral donors such as AusAID, DFID, NZAID and CIDA have funded the programme.