Kathmandu, July 11
The Problematic Cooperative Management
Committee (PCMC) has returned the savings of small depositors of Shiva Shikhar
Multi-Purpose Cooperative Limited.
It informed on Saturday that additional 96
depositors received their deposits back. With this, 1,213 depositors of the
troubled cooperative received their savings back.
According to the PCMC, in the first phase,
savings of small depositors are being returned while the other depositors will
also get their money gradually on the basis of the size of their deposits.
The government said that the returned money
is collected from the repayment of the loans mobilised by the cooperative.
"The process of refunding deposits to
the savers of the respective troubled cooperative institutions from the amounts
recovered through loan repayments and the management of assets is being carried
out continuously in accordance with the prevailing legal provisions," read
the statement from the PCMC.
Published in The Rising Nepal daily on 12 July 2026.
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