KATHMANDU, AUGUST 3
A seven-point memorandum of understanding (MoU) has been signed between the government and cooperative victims.
According to the MoU, depositors in cooperative organisations put off their sit-in protest under way in Maitighar Mandala today.
A discussion was held among Minister of Land, Cooperative and Poverty Alleviation Ranjeeta Shrestha, Secretary Gokarna Mani Duwadi, Registrar at the Department of Cooperatives Nawaraj Ghimire and victims in Singha Durbar today.Information Officer at the Department of Cooperatives, Tolraj Upadhyaa shared that an agreement was reached wherein the ministry would to put forward a process for immediately instituting the savings and credit security fund to ensure the safety of the deposited amount of cooperative members.
"As per the decision, the ministry will immediately initiate the process of establishing credit information centre and credit settlement tribunal to make credit settlement process of the cooperative organisations effective and efficient," he informed.
Likewise, an agreement has been reached to include representation of the depositors in cooperative organisations staging the sitin protest in the cooperative sector reform recommendation taskforce.
Another point of agreement was to initiate necessary groundwork on behalf of the ministry, cooperative department and the management committee for legal reforms.
The decision was taken wherein the ministry would coordinate with the Office of Problematic Cooperatives Management Committee by charting out a clear action plan while returning depositors' money, the agreement stated.
A version of this article appears in the print on August 4, 2023, of The Himalayan Times.
