Abstract
This study investigates the economic implications of migration, specifically focusing on the monetary expenses incurred during the migration process and the fundraising methods employed by the Gulf migrant workers from Bihar. The research involved a sample of 400 participants obtained using a three-stage cluster sampling method. The participants were Gulf migrant labourers originating from the Siwan and Gopalganj districts of Bihar. The findings of the chi-square test indicate that both technical education and prior job experience have a significant impact on reducing migration expenses. However, it is worth noting that the process of getting visas through agents is costly, even though the majority of migrant workers rely on the services of agents. The average overall expense for Gulf migration exceeds three times the earnings acquired in the destination country. The regression analysis revealed that several factors, such as the age of migrant workers, technical education, source of visa, level of education, and prior job experience, had a statistically significant influence on the cost of migration. For the fund-raising strategy, migrant labourers rely largely on their parents and social networks. The practice of obtaining funds from moneylenders is still prevalent among migrants. The study sheds light on the key determinants of migration costs for workers and emphasizes the crucial role of social networks and family support in facilitating migration. Additionally, this study offers policy recommendations aimed at reducing the financial burden associated with migration and it proposes that the government should engage in partnerships with financial institutions to establish dedicated lending initiatives for migrant workers, referred to as migration loans.
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