Kathmandu. The government has announced to set up a special fund to return the money saved by the cooperatives in the policy and program for the coming fiscal year. The government has announced to return the money to the savers of the problematic cooperatives by establishing an ‘Integrated Savers Protection Fund’. Through which the savings will be returned through the loan recovery process.

President Ram Chandra Poudel presented the government’s policies and programmes in the joint session of the federal parliament today. According to him, government regulation and management will be made more effective to solve the problems seen in the cooperative sector.

For this, the capacity of the National Cooperative Regulatory Authority will be strengthened. Similarly, the credit information system will also be strengthened, he said.