The Chief Minister of Karnali Province, Raj Kumar Sharma, has viewed cooperatives as necessary to maintain good governance and win depositors’ trust. Development could be ensured with the mobilization of people through cooperatives, he opined while addressing a province-level workshop on ‘cooperatives’ problems and good governance promotion’ organized by the province ministry at Birendranagar on Monday.

He further suggested that cooperatives could launch activities for income generation. The cooperative’s role is vital for development, as the constitution itself has envisioned socialism, CM Sharma reminded. CM Sharma viewed the problems facing the cooperative sector as being addressed through proper policies at all three tiers of government.

According to him, the provincial government was focused on economic prosperity and social justice, which, he argued, would bring happiness to people. Good governance is essential to addressing problems seen in multiple sectors, he emphasized. He also reminded us that the state had adopted a three-pillar policy for economic development where cooperatives, private and public, build partnerships and forward activities. The chairman of the management committee to sort out sick cooperatives, Kashiraj Dahal, claimed, “Cooperatives are losing trust due to unethical activities.”

The cooperatives could play an important role in retaining capital, technology, and talent, he suggested.