BHARATPUR, CHITWAN : CPN-UML deputy general-secretary Pradeep Gyawali has said that the cooperatives are grappling with the present problems as they failed to invest in the productive sectors.
Addressing a press meet organized by Press Chautari Chitwan branch in Bharatpur today, he said although the cooperatives contributed to developing the saving culture in Nepal, they could not work as the ‘bridge’ between the producers and the consumers.
“The problem is because most of the cooperatives across the country were not involved in productive works. This situation has come due to the trend of collecting deposits and lending it at high interest rate,” he added.
The UML deputy general-secretary viewed that some cooperatives promoters took advantage of the government bodies’ inability to conduct timely monitoring of cooperatives.
Stating that 60 thousand cooperatives throughout the country have deposit of Rs 800 billion, Gyawali said the cooperatives’ contribution in the development of the culture of saving was important.
He called on the government to take ‘concrete steps’ for resolving the problems besetting the cooperatives.
The UML leader urged one and all to carry out works encouraging the youths that the country can be made prosperous.
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