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Chairman of Nepali Congress Sher Bahadur Deuba has emphasized that the money of cooperative savers should be protected. He said that it is necessary to end the deformity of the cooperative sector.
On the issue of 'Nepali Congress and Cooperatives', the cooperative department of the party today Inaugurating the seminar organized by the party central office, he said that the Cooperative Friendly Act has been issued for the sake of protecting the money of savers.
BP Koirala adopted in 2016 and discussing the relevance of cooperatives are still relevant today, President Deuba said, 'cooperatives should be operated according to values, recognition, purpose and concept, the development of cooperative movement is necessary for economic prosperity, and the money of savers Security must be ensured.'
Deuba said that the problem has been created due to the increasing trend of creating problems and giving responsibility to others in the cooperatives of the Nepal government. In the
program, former secretary Gopinath Mainali said that the He said that 90 percent of transactions are done by non-members because they can only invest in the business done by members, between cooperatives and in debentures issued by the National Bank and bonds issued by the Government of Nepal.
Devendraraj Kandel, the head of the Congress cooperative department, said that the security issues of cooperatives were discussed with the cooperative workers of all seven provinces. According to him, there is a problem in the cooperative due to the misappropriation of savers' savings.
