Prime Minister Pushpa Kamal Dahal ‘Prachanda’ has pledged to take action to address issues pestering microfinance and cooperatives. During his meeting with representatives of victims of muddled microfinance and cooperatives at Singha Durbar today, the Prime Minister assured addressing the problems.

Acknowledging the contribution of cooperatives and microfinances in connecting rural people and people from the indigent community with financial services, the Prime Minister said lately that the sectors were gripped with significant problems. ‘Some complications were contextual, while others were the consequences of the professional dishonesty of members of the board of directors. The problems will be addressed gradually,’ he added.

He also insisted on collective efforts to sort out the situation. During the discussions, the representatives thanked the government for its efforts so far to alleviate the situation.