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62,760 members of 22 cooperatives declared as problematic have demanded the return of savings of around 40 billion rupees. The troubled cooperative management committee has returned full savings to 6,155 savers and partial savings to 438 people.
According to the committee, the union government has already returned the savings to the members of 3 of the cooperatives that have been declared problematic and the target is to return the savings of 9 more cooperatives within this financial year. "Now 56 thousand 605 savers have to return 38 billion 42 crore 3 lakh 29 thousand rupees," said the chairman of the committee Sriman Kumar Gautam. There is a plan to proceed with the final action process to recover 23 billion 62 million 96 lakh 58 thousand from 13 thousand 75 debtors.'' Said to increase.
Minister of Land Management, Cooperatives and Poverty Alleviation Balram Adhikari said that the savings will be returned after recovery from troubled cooperatives, their directors and creditors. "The initiative to return the cooperative's savings is being done by the state," he said. Since the government cannot return the savings in the cooperative itself, the savers will be charged from the respective cooperatives. According to the ministerial officer, the work has been progressed in such a way as to give a
. We collect funds from the capital, material assets and invested loans of the cooperatives. We will continue to distribute the collected amount,' he said, 'for that, the property of the single family of the debtor and the guarantor will be frozen and blacklisted.'
The minister also said that they are trying to recover the money of the savers by searching for the immovable property in the name of the owner and manager.
The Union government has declared Kubera Savings and Loan, Standard Multipurpose, Standard Saving and Credit, Pacific Savings and Investment, Societal Savings and Loan, Prabhu Savings and Loan, Chartered Savings and Credit, Luhniva Multipurpose and Oriental Cooperative as problematic.
Consumer Savings and Loans, Kohinoor Hill Savings and Credit, Vegas Savings and Loans, Pashupati Savings and Credit, Tulsi Multipurpose, Shivshikhar Multipurpose, Our New Agriculture, Agricultural Development Multipurpose, Kantipur Savings and Credit, Laligurans Multipurpose, Gautam Shri Multipurpose, Gorkha Savings and Credit and Nepal Cooperative Financial Institution are also on the troubled list. The state government has also declared some cooperatives problematic.
