The Troubled Cooperatives Management Committee has returned savings to an additional 248 depositors of Shiv Shikhar Cooperative, bringing the total number of beneficiaries to 1,117.
The Troubled Cooperatives Management Committee has started returning the savings of small depositors from Shiv Shikhar Cooperative.
According to the Committee, 248 individuals from this cooperative received their savings back recently. To date, a total of 1,117 depositors of the cooperative has gotten their money returned.
The Committee had informed that in the first phase, funds were returned to those depositors who had small savings amounts. Following this approach, other depositors will be categorized based on their deposit sums and their money will be return gradually.
The government clarified that the funds being returned to the depositors are collected from the loan recovery efforts of these troubled cooperatives. The process of recovering loans and managing assets from the problematic cooperative institutions is active, with the money obtained from these efforts being utilized to refund the savers of the concerned cooperatives.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
