Cooperative savings refund updates for troubled cooperative depositors
▸ Part of: Government begins refunding small depositors of troubled cooperatives
The Problematic Cooperative Management Committee has returned savings deposits to an additional 304 small depositors from the Agricultural Cooperative and Shiv Shikhar Multipurpose Cooperative. This is part of a phased payout plan prioritizing small savers, with a total of nearly seventy-six thousand depositors awaiting the return of approximately forty-six billion Nepalese Rupees. The committee aims to restore public trust in the cooperative sector by addressing the financial crisis caused by mismanagement.
Read full article (4 min read) ›
