Bagmati Province Government Begins Returning Savings to Small Depositors of Problematic Cooperatives
Summary
The Bagmati Province government has initiated the refund of savings to small depositors of five problematic cooperatives, starting with those holding savings between 10,000 and 100,000 rupees.
Key Points
- The Bagmati Province government has started returning savings to small depositors of five problematic cooperative societies.
- Chief Minister Indra Bahadur Baniyan inaugurated the program, distributing about 1.7 million rupees to 42 depositors.
- 14,064 depositors have claimed their savings back, with total cooperative savings amounting to approximately 31.06 billion rupees.
- Priority is given to small depositors with savings between 10,000 and 100,000 rupees, with plans to recover remaining funds from debtors and operators.
