6,266 cooperatives depositors submit petitions to KMC A total of 6,266 depositors have submitted petitions to the Cooperative Department of Kathmandu Metropolitan City, requesting a refund of approximately Rs 4.49 billion deposited in various cooperative organizations. Business 22 Jan, 2025
Protest put off after seven-point agreement ​​​​​​​A seven-point memorandum of understanding (MoU) has been signed between the government and cooperative victims. Kathmandu 04 Aug, 2023
Cooperatives flourish in production sector outside the valley The productive sector is attracting investment from the cooperatives outside the valley. Business 19 Mar, 2021
Stakeholders stress need to brand co-ops KATHMANDU, DECEMBER 18 Stakeholders have stressed on the need to brand cooperatives. During an interaction titled ‘Branding Cooperatives’ organised by Nepal Cooperative Journalists Society today, stakeholders stated that government is not... 19 Dec, 2020
Department of Cooperatives issues 10-point guideline KATHMANDU, JULY 26 The Department of Cooperatives has issued a 10-point guideline for cooperatives and stated that the board of directors of the concerned cooperative can extend the loan tenure of any entity for a maximum of six months. The... 27 Jul, 2020
16pc interest rate cap on co-op loans Kathmandu, August 2 The government, for the first time, has imposed a cap on the interest on loans floated by cooperatives to curb excessive interest rates charged by them, especially by savings and credit cooperatives. Under the new regulation,... 03 Aug, 2019
Microfinance in Nepal: Clients must come first Client protection principles guide microfinance service providers to take practical steps to treat clients fairly and respectfully and avoid practices that might harm them. Are our providers adhering to these principles? Globally, microfinance... 16 Jul, 2018
7,500 claims filed seeking compensation Kathmandu, May 20 A total of 7,500 claims have been filed at the Problematic Cooperatives Wealth Management Committee seeking compensation from Oriental Cooperative. The committee collected claims from victims from April 16 till today from... 21 May, 2018
Panel seeks claims from victims of Oriental Cooperative Kathmandu, April 15 The Problematic Cooperatives Wealth Management Committee led by former chairman of the Special Court Gauri Bahadur Karki, has sought claims from victims of Oriental Cooperative. Victims of Oriental Cooperative and apartment... 16 Apr, 2018
CIB cracks down on moneylenders The Central Investigation Bureau of Nepal Police has stepped up its crackdown on illegally mushrooming private moneylenders for allegedly charging exorbitant interest on loans they extend to borrowers. Recently, police raided various unlicensed... Horoscopes 01 Mar, 2018
Process to compensate Oriental victims begins Kathmandu, February 20 The high-powered committee formed as per the provision of the Cooperatives Act, 2017 has initiated the process of providing relief to the victims of Oriental Cooperative. The committee led by former chairman of Special... 21 Feb, 2018
Relief for cooperatives scam victims on cards Kathmandu, November 7 The government is finally gearing up for action to compensate thousands of depositors scammed by cooperatives. Similar to Ponzi schemes, the cooperatives had lured depositors promising high rate of returns. After the fraud... Horoscopes 08 Nov, 2017
