PM Dahal urges swift action on cooperative challenges and enhanced regulation

Kathmandu, January 17

Prime Minister Pushpa Kamal Dahal has instructed the prompt resolution of issues about cooperatives. The directive was issued during a discussion held on Wednesday in Baluwatar, where Prime Minister Dahal conveyed his instructions to relevant ministries and agencies.

Emphasising the need for provisions in the Act that elevate cooperatives as the building blocks of socialism, Prime Minister Dahal underscored the importance of focusing on collectivism and the interests of the lower class. He advocated for the organisation of cooperatives through the adoption of both long-term and immediate measures to address their challenges.

Prime Minister Dahal specifically directed the Ministry of Land Management, Cooperatives, and Poverty Alleviation, along with other pertinent agencies, to undertake necessary groundwork in both immediate and long-term approaches to resolving cooperative issues. He emphasised the creation of an effective regulatory body for monitoring cooperatives.

In his instructions, Prime Minister Dahal urged the existing regulatory organisations associated with cooperatives to categorise them as either sound, distressed, or submerged and to submit a comprehensive report.

He also stressed the importance of safeguarding the funds deposited by savers in cooperatives, calling for effective measures to be implemented in coordination with all three levels of government.

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