KATHMANDU: The government has announced plans to establish a Unified Savers’ Protection Fund aimed at returning the savings of cooperative depositors.
President Ram Chandra Paudel shared the information while presenting the government’s policies and programmes for the fiscal year 2083/84 BS at a joint session of the Federal Parliament.
The government had earlier introduced provisions through an ordinance to create a revolving fund for refunding deposits of troubled cooperatives. The newly unveiled policies and programmes now include a plan to establish a unified fund for the same purpose.
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