Savings of 122 depositors refunded

Kathmandu, Nov 4: Seven problematic cooperatives have returned the savings of 122 depositors.

According to Problematic Cooperatives Management Committee, Nepal Cooperatives Financial Institution, Ideal Yamuna Hamro Multi-Purpose Cooperative and Shiva Shikhar Cooperative refunded all savings of 23 depositors.

Similarly, Kantipur Cooperative, Gautam Shree Multi-Purpose Cooperative, Agriculture Development Multi-Purpose Cooperative and Shree Laligurans Multi-Purpose Cooperative have returned partial savings of 99 depositors.

The Secretariat of Minister for Land Management, Cooperative, Federal Affairs and General Administration, Pratibha Rawal, clarified that the savings of victim depositors were refunded from the loan recovery amount of such problematic cooperatives.

The Committee added that the savings of depositors would be refunded, categorizing based on the saving amounts of depositors in coming days. —