‘Discipline needed in cooperative campaign’

Kathmandu, Jan 22  : Secretary at the Ministry of Land Management, Cooperative and Poverty Alleviation Dr Damodar Regmi has asked the cooperative campaign and campaigners to fully abide by laws since they are required to maintain discipline.    

Saying that several issues have surfaced at present from cooperatives though this sector is a reliable pillar of the economy, Dr Regmi said some cooperatives are learnt to have remained reluctant to pay the depositors and are not following the rules of economy.    

Dr Regmi also sought cooperation from cooperative association and federation to punish the cooperative agencies that fail to secure the depositors’ amount.    

During a meeting with Chief Executive Officer of Association of Asian Confederation of Credit Unions Elenita V. San Roque and Chief of Technical Officer of Management Ranjith Hettiarachchi, Secretary Dr Regmi called for security of savings and initiatives of the cooperative campaign to control money laundering. (RSS)