Baniyani. It has been found that there is sufficient liquidity in the big cooperatives of Jhapa.

According to the unaudited financial statements issued by the big cooperatives of the district till June 2082, liquidity has been found to be sufficient. Bhawani Prasad Dangal (Bhanu), secretary of Jhapa District Cooperative Association, said that although there should be at least 15 percent liquidity in the cooperative society, there is a liquidity of up to 36 percent.

“At present, money has been deposited in big cooperatives and there is no situation for small cooperatives to return their savings at the time they say,” he said, adding, “Cooperatives have to come up with a suitable plan to increase investment.” ’

Nepal’s largest Sahara Nepal Savings and Credit Co-operative Society Birtamode has 36.21 percent liquidity i.e. Rs 5.12 billion, according to the revised financial statement of mid-July 2082.

Nepal Multipurpose Co-operative Society has 24.95 percent i.e. Rs 2.84 billion 66 lakh 99 thousand 233, Karnali Savings and Credit Co-operative Society 19.52 i.e. Rs 682.5 million 813, Hamro Nepal Savings and Credit Cooperative Society 19.05 percent i.e. Rs 328.453 million and Simrik Savings and Loan Co-operative Society 17.32 percent. According to the organization’s unaudited financial statements for mid-July 2019.

Secretary Dangal said that the investment is now being put at risk due to the investment made by the cooperatives without collateral. According to him, the cooperative sector in Jhapa has improved significantly in the recent past.

At present, there are 753 cooperatives in Jhapa. These co-operative societies have a financial transaction of about Rs 300 billion annually.

There are 14 cooperatives in Koshi Province, out of which 11 are in Jhapa, two in Morang and one in Sunsari. Secretary Dangal said that 28 cooperatives have been taken into action in Koshi province and seven in Jhapa.