Clean Up Cooperatives

The government is trying to sort out severe financial troubles facing numerous cooperatives. According to chair of the Crisis-ridden Cooperatives Management Committee Kashi Raj Dahal, out of 32,000 cooperatives, only some hundreds are marred by mismanagement while twenty big ones are buffeted by serious crisis. We have various types of cooperatives such as savings and credit, multipurpose or those involved in activities related to agriculture, fruits and vegetable, beekeeping, tea and coffee, etc. Of those cooperatives, savings and credit cooperatives have been reeling from worse fiscal conditions because of bad governance, mismanagement and poor monitoring system.