Kerala Rehabilitation Project benefits 7,000 Gulf returnees

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Source: This post is based on the article “Kerala Rehabilitation project benefits 7,000 Gulf returnees” published in “The Hindu” on 16th January 2024.

Why in News?

The first-ever rehabilitation project launched by the Kerala government for individuals returning from Gulf countries has assisted nearly 7,000 returnees in the state.

Source: The Hindu

What is this project?

SpecificationDescription
 SchemeNoRKA Department Project for Return Emigrants (NDPREM) project
Launched byDepartment of Non-Resident Keralites’ Affairs (NoRKA)
 AimTo help Gulf returnees set up self-employment ventures with the support of leading financial institutions.
Why this scheme?The initiative began in response to Saudi Arabia’s implemented “Nitaqat” (naturalization) law in 2013, causing concerns among expats about potential job losses.
Factual information relation to scheme

 Total beneficiaries of NDPREM scheme – 6,661

Volume of loan disbursed through NDPREM so far: 411.23 crore

Capital subsidy: 60.83 crore, Interest subsidy: 13.55 crore

What is Pravasi Bhadratha scheme?

SpecificationDescription
SchemePravasi Bhadratha scheme
Launched byDepartment of Non-Resident Keralites’ Affairs (NoRKA)
AimTo provides financial support and income-generating opportunities for returnees.
Factual information relation to scheme

Number of beneficiaries: 12,371

Amount disbursed under the scheme:  ₹77 crore

What are the impacts of these schemes?

1)The schemes have benefitted almost 7000 gulf emigrants thus helped in transforming the profile of returning emigrants.

2) Recent significant changes in the industrial landscape and environment of Kerala have played a crucial role in involving distressed returnees in the retail sector.

3) These schemes have also guaranteed the economic integration of returnees into society, with the local economy benefiting from their engagement.

4) The introduction of the NoRKA business facilitation center, aimed at assisting non-resident Keralites and returnees in starting businesses in the state, has shown promising results.

5) The state is considering expanding the loan scheme to encompass additional sectors and enhance the value addition of products, aiming to extend support to more returnees.

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