Problematic Cooperatives Management Committee Returns Savings to Depositors
Summary
The Problematic Cooperatives Management Committee in Nepal is regularly returning savings to prioritized depositors from cooperatives declared problematic, following legal and government guidelines.
Key Points
- The Problematic Cooperatives Management Committee manages assets and liabilities of cooperatives declared problematic by the Government of Nepal.
- Savings are returned prioritizing senior citizens, critically ill depositors, single women, and fully disabled depositors, as per legal directives.
- On Shrawan 8, 1.2 million rupees were returned to 48 depositors from five cooperatives, with each receiving 25,000 rupees.
- The return process continues regularly after verification of depositors' applications and claims.
