Problematic Cooperatives Return Savings to 122 Depositors
Summary
The Problematic Cooperatives Management Committee has returned savings to 122 depositors from seven troubled cooperatives in Kathmandu. The first phase prioritised small savers, and repayments will continue based on savings amounts as funds are recovered from loans and assets.
Key Points
- The Problematic Cooperatives Management Committee has returned savings to 122 individuals from seven problematic cooperatives.
- Full savings were returned to 23 depositors, while 99 others received partial repayments.
- The government says the money came from loan recovery and asset management from the troubled cooperatives.
- Repayments will continue in phases, with small savers prioritised first.
