Kathmandu. The troubled Cooperative Management Committee has returned the savings of small savers of Kantipur Savings and Pashupati Cooperatives.

According to the committee, the Kantipur Savings Cooperative

A total of 334 savers have received back their savings while seven have received back their savings from Pashupati Cooperative. The government has clarified that the amount received from the loan recovery of the troubled cooperatives has been returned to the affected savers.

Similarly, the problematic cooperative management committee has said that it has recovered money from 65 borrowers from various cooperatives from July 15 to July 29.

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.

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.