Government Plans to Initiate Refund Process for Small Cooperative Savers Within 100 Days

The government has announced plans to begin the refund process for small savers in cooperatives within 100 days. A significant amount of money has been deposited by small and micro-entrepreneurs in cooperatives, which is impacting the economy’s functioning. According to the National Independent Party’s manifesto, this announcement is included in their 100-point agenda.

The government has also committed to revising the regulations related to the management of fault-based assets, including freezing, control, and seizure, within two months to simplify procedures and bring uniformity. This is expected to facilitate an effective refund process for cooperative savings.

14 Chaitra, Kathmandu.