The goal of the Microenterprise Development Programme (MEDEP) is to contribute to the poverty reduction and employment generation efforts of the Government of Nepal (GoN) through micro-entrepreneurship development. This approach is in line with the strategy of the GoN’s periodic plans.
During the fourth phase of MEDEP, 73,000 new micro entrepreneurs will be created (30,000 with MEDEP resources, 32,000 by MEDPA and 11,000 Local Bodies) with particular focus on supporting households that are living below the national poverty line, women and the socially excluded, by strengthening the national system to support the establishment of micro-enterprise start-ups. This will be achieved by building the capacities of government at central and local levels to develop and implement policies for the support of micro-entrepreneurship, as well as by strengthening access to markets, finance and business development services.
Building on its experience of 14 years of providing support to micro-entrepreneurs in Nepal, MEDEP will create micro-enterprises indirectly, by mentoring, supporting and strengthening the GoN’s Micro Enterprise Development for Poverty Alleviation (MEDPA). The programme will be implemented in partnership with central and local government institutions, as well as by supporting non-government and private sector organisations. MEDEP’s outcome therefore will not be limited to just creating new entrepreneurs. Its main contribution will instead be to endow Nepal with a sustainable institutional setup for the delivery and support of entrepreneurship even after the end of the programme.
MEDEP will also support peace and stability in Nepal, by significantly contributing to addressing poverty and social exclusion, which are among the root causes of conflict in the country.