Nepal, April 17 -- The Korea International Cooperation Agency (KOICA) and Agricultural Development Bank Limited (ADBL) have signed a strategic partnership to support the reintegration of Nepali migrant workers returning from the Republic of Korea, according to a KOICA press release.

The initiative, titled "Strengthening Stage-Wise Support System for the Stable Reintegration of Korea Returnee Migrants in Nepal," aims to improve access to finance for returnees who have participated in the K-HaMi Project and completed entrepreneurship training. The program will run until 2028.

Under the initiative, KOICA will provide USD 2.5 million from a total project budget of USD 8 million, to be used exclusively for interest subsidies on loans. ADBL w...