Cooperative deposits drop by Rs 100 billion in 8 months
Summary
Nepal's cooperative sector deposits dropped by Rs 100 billion in eight months, with declining credit disbursement and membership reflecting waning public trust amid data unreliability and regulatory challenges.
Key Points
- Total deposits in Nepal's cooperative sector decreased by Rs 100 billion in the first eight months of the fiscal year.
- Credit disbursement in the cooperative sector reduced by Rs 18 billion in the same period.
- Membership of cooperatives declined by approximately 800,000 individuals.
- Data reliability issues are evident in official cooperative databases, causing difficulty in verifying the crisis scale.
