Remittances to Nepal are money transfers from Nepalese workers employed outside the country to friends or relatives in Nepal. The record of banking sector showed that NPR 15.9 billion was received in FY.2000/01. It is said that remittances has represented more than 10 percent of GDP in Nepal in the late 1990s. 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. In Nepal, the dollar value of remittances expanded 17 percent, supported in part by vibrant growth in India, a key source-country for Nepalese remittances
