Kathmandu. The troubled Cooperative Management Committee has returned the savings of small savers of Laligurans Cooperative and Ideal Yamuna Cooperative.

According to the committee, 70 more savers of Laligurans Cooperatives and 12 of Ideal Yamuna Cooperatives have received back their savings. The government has clarified that the amount received from the loan recovery of the troubled cooperatives has been returned to the affected savers. So far, the committee has returned the savings of 308 people of Laligurans Cooperative.

According to the committee, in the first phase, the amount was returned to the savers who had a small amount of savings. In the same way, the amount will be returned by classifying the amount of the saver respectively.

According to the committee, about Rs 46 billion has to be returned to the savings of about 76,000 savers of the problematic cooperatives. Most of them are small savers.

Savings of less than five lakh rupees are categorized as small savers and those above five lakh are categorized as large savers. Of the total 76,000 saved, only 18,000 are those who save more than Rs 500,000, according to the committee.

The task of recovering loans from the troubled cooperatives and returning the savings from the money received from the management of the cooperatives to the savers of the cooperatives is being carried out continuously as per the prevailing legal provisions.