Role of Remittance in Entrepreneurship Development: A Case Study in Sarangdanda VDC of Panchthar District

Abstract

The research titled, “The Role of Remittance in Entrepreneurship Development in Panchthar District: A Case Study of Sarangdanda VDC of Panchther District”. Having the general objective was to analyze the role of remittance in entrepreneurship development in Sarangdanda VDC of Panchthar District and specific objectives were to examine the status of remittance flow in the study area, also to analyze the utilization of remittance in entrepreneurship and finally, to explore the problems of remittance use for entrepreneurship development. The study was descriptive type with both qualitative and quantitative information. The study was based on primary data which was collected by the researcher herself from the field survey, administering questionnaire and key information interview (KII). The households utilizing their remittance in entrepreneurship were maximum among of wards which was 54 in number. For the status of remittance heading like, destination of foreign employment. Europe was lowest of 6 percent and Malaysia 28 percent. Monthly income of foreign employment was highest in between 40000- 50000 which is 27 percent . Factory worker was highest (35.18) percent in type of job and lowest ( 3.70) percent in house made. System to transfer remittance was highest 55.55 percent of money transfer (IME) and lowest 1.85 percent in finance is wife with having 55.55 percent. 39 percent further investment to utilization of remittance. Utilization of remittance in entrepreneurship development was amount was categories into different heading like amount of remitted fund which has highest in 30000-50000 category .shop, co- operatives, tailoring, kiwi kheti, poultry, dairy, hotel, education, tea industry were the type of entrepreneurship. Shops occupied 22.22 percent which was the highest percent and 3.70 percent was occupied poultry farming. Amount of initial investment was 30000-40000 as highest (64%) percent where as 8 percent was joint. Entrepreneurship activity was maximum 63 percent in fulltime. 59 percent entrepreneurship had no registration and PAN number.

Some of the problem of rural entrepreneurship were deficiency of fund, problems of technology, problem of road. In addition to this government policy were not appropriate and great difficulties in working the enterprise.