The Problematic Cooperative Management Committee has returned the savings of 96 more victims of Shiva Shikhar Cooperative through recovered loans.
The Problematic Cooperative Management Committee has successfully refunded the savings of small depositors of Shiva Shikhar Cooperative. According to the updates from committee, 96 victims of Shiva Shikhar Cooperative have received their savings back this time.
With this latest distribution, a total of 1,213 depositors of Shiva Shikhar Cooperative have got their hard-earned money back till now.
Gradual Refund Process
The committee explained that in this first phase, they are returning money to the depositors who has very small savings. After this, they will classify other depositors based on their saving amounts and refund them slowly in a phase-wise manner.
The government also clarify that the money distributed to the victim depositors is collected from the loan recovery of the problematic cooperative itself.
According to the prevailing laws, the work of returning savings to depositors by recovering loans and managing assets of troubled cooperatives is running continuously.
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.
