Remittances to Nepal are money transfers from Nepalese workers employed outside the country to friends or relatives in Nepal and forms part of the wider global remittance transfers by migrant workers back to their home countries.
It is said that remittances has represented more than 20 percent of GDP in Nepal in the year 2017 onwards. Moreover, it would be highly beneficial to the country, where there is natural calamities, political conflict, people war, low investment in entrepreneurial activities and economic recession.[1] In the financial year (FY) 2000/01, the banking sector showed that NPR 15.9 billion was received.[2]
Money is brought to Nepal by Multiple Remittance Companies via its Global Principal Partners Networks, Among the Major Remittance Companies Top 5 Remittance companies are IME Ltd., followed by GME Remittance & City Express there after E-Sewa & Nepali Remit.
^Yadav Sharma Gaudel (December 2006). "Significance of Remittances". Remittance Income in Nepal: Need for Economic Development (Report). The Journal of Nepalese Business Studies. p. 10.
^Yadav Sharma Gaudel (December 2006). "Remittance Income in Nepal". Remittance Income in Nepal: Need for Economic Development (Report). The Journal of Nepalese Business Studies. p. 12.
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