More poor Tibetans to benefit from exile Tibetan administration’s loan programme

May 24, 2018 10:31 pm0 commentsViews: 42
Tibetan refugee handlooms market. (Photo courtesy: HINDUSTAN TIMES)

Tibetan refugee handlooms market. (Photo courtesy: HINDUSTAN TIMES)

(TibetanReview.net, May24, 2018) – The Central Tibetan Administration (CTA) at Dharamshala, India, said May 22 that it had earmarked a total of Indian Rs 210 million for its Tibetan Refugee Livelihood Support Programme (TRLSP) for the second year. At what has been described as a ‘minimal’ interest rate of 4%, the programme grants loans to “the most vulnerable, needy, and unbanked members of the Tibetan community” to support their livelihood efforts. The programme is funded by the USAID.

The programme was announced by the CTA President Dr Lobsang Sangay at a press conference, attended by Finance minister Karma Yeshi and Chief Planning Officer Dr Kunchok Tsundue who also both spoke.

From Left: Chief Resilience Officer Kaydor Aukartsang, Finance Kalon Karma Yeshi, CTA President Dr Lobsang Sangay, Finance Secretary Trinley Gyatso and Chief Planning Officer Dr Kunchok Tsundue at the press conference on 22 May 2018. (Photo courtesy: Tenzin Phende/DIIR)

From Left: Chief Resilience Officer Kaydor Aukartsang, Finance Kalon Karma Yeshi, CTA President Dr Lobsang Sangay, Finance Secretary Trinley Gyatso and Chief Planning Officer Dr Kunchok Tsundue at the press conference on 22 May 2018. (Photo courtesy: Tenzin Phende/DIIR)

President Sangay has said the amount was increased this year following the programme’s success last year when the loans were repaid hundred percent. CTA’s Tibet.net May 22 did not say what the amount last year was.

Loans were given last year to nearly 900 Tibetan wintertime sweater sellers, which were fully repaid within the stipulated period of Feb-Mar this year.

This year, apart from winter sweater sellers, loans will be made available also to Tibetans selling trinkets on pavements at tourist destinations, those raising horses and mules for caravan services, and those running taxi services.

This year’s TRLSP programme is targeted to benefit 1525 Tibetan families. It will provide packages of up to Rs 600,000 to 1525 families living in the 45 Tibetan settlements in India. And it will be implemented over Jun-Aug 2018.

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