Kathmandu. The troubled Cooperative Management Committee has recently returned the savings of small savers of Kantipur Savings and Pashupati Cooperative.

According to Rabin Dhakal, member secretary of the committee, 334 savers of Kantipur Savings Cooperatives have got back their savings while seven of Pashupati Cooperatives have got their savings back. The government has clarified that the money received from the loan recovery of the troubled cooperatives has been returned to the affected savers.

Similarly, the problematic cooperative management committee has said that it has recovered money from 65 borrowers from various cooperatives from July 15 to July 29.

According to the committee, in the first phase, the amount was returned to the savers who had a small amount of savings. In the same way, the amount will be returned by classifying it on the basis of the amount of the saver.

The work of recovering loans from the problematic cooperatives and returning the savings from the money received from the property management to the savers of the cooperatives is being carried out continuously as per the prevailing legal provision.