Cooperative Crisis: Billions Lost, Savers Face Uncertainty

Kathmandu. Billions of rupees of millions of citizens are stuck in dozens of cooperative institutions across the country. According to the latest data from the Problematic Cooperative Management Committee, claims exceeding Rs 45 billion have been filed in problematic cooperatives alone. More than 76,000 depositors have filed these claims.

For this reason, depositors have been protesting and picketing on the streets for a long time. The government has also announced to return the money of depositors whose life's earnings have been lost. However, there is a vast difference between the government's actions and the data.