Govt active to systemize cooperative sector: Minister Gurung

Kathmandu, Jan 4: Minister for Communications and Information Technology, Prithvi Subba Gurung, has said the entire cooperative sector has been defamed due to the wrongdoings of a few cooperatives. 

Minister Gurung added that the government was active in managing the cooperatives. At the 14th annual general assembly of Sustainable Tourism Cooperatives here Saturday, he shared that an ordinance designed to amend some Nepal Acts related to cooperatives had been recently issued to operate cooperatives in a systematic way.     

The Communications Minister mentioned that the ordinance had the provision of forming a National Cooperative Regulatory Authority in order to regulate the cooperatives as well as make them transparent and effective.     

Also, the Spokesperson of the government, clarified that activities were underway to bring those involved in the embezzlement of depositors’ funds in cooperatives under the ambit of law. (RSS)