KATHMANDU: The Office of the Problematic Cooperative Management Committee has shared that cent percent deposit of over 6,000 members of the crisis-hit cooperatives have been returned so far.
As of October 28 (Sunday), partial payment of 438 claimants have been made. At a programme organized here today, it was informed that Rs 1 billion 515.3 million has been paid to the depositors by raising funds from the borrowers of problematic cooperatives.
On the occasion, Minister for Land Management, Cooperatives and Poverty Alleviation Balaram Adhikari said preparations have been made to amend the law to solve the problems facing the cooperatives. Preparations have been made to freeze the property and passport of the members of the same family involved in fraudulent acts, he said. Minister Adhikari also informed that the Ministry is preparing to declare some other cooperatives as problematic.
Secretary at the Ministry Arjun Prasad Pokharel said preparations were underway to amend the law so that the savings would be returned and there would be no problems in the sectors in coming days.
Pledging to implement the agreement reached with the financial cooperatives' victims, Secretary Pokharel said that no further struggle was necessary to get the issue of cooperatives addressed.
Committee Chair Shriman Kumar Gautam said that work was underway to solve the problems of the remaining 19 troubled cooperatives after returning the savings of the victims of the three embattled ones.
Sharing that a public notice has been issued to the borrowers of the remaining 19 cooperatives to repay the loans taken till October 31, he said preparations have been made to freeze the property and passports of the borrowers of these cooperatives.
Property and passports of the same family members of the borrowers who have defaulted on the loan will be frozen after Tihar, he informed.
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