Large Debtors' Loan Recovery Enables Repayment to Small Savers; Rs. 7.3 Million Collected from 40 Debtors in 11 Days
The troubled cooperative management committee has successfully recovered loans from large debtors to refund money to small savers. Within 11 days, Rs. 7.3 million was collected from 40 major debtors as part of this effort. Affected cooperative institutions across the country still owe around Rs. 4.6 billion to about 76,000 small savers. The repayment process is set to begin from the first week of Jestha, aiming to restore trust and financial stability for small investors dependent on these cooperatives. This move indicates coordinated recovery efforts could strengthen the local financial ecosystem and boost saver confidence.
- Cooperatives recover Rs. 7.3 million from 40 large debtors in 11 days to refund small savers ahead of Jestha payouts.
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The troubled cooperative management committee has successfully recovered loans from large debtors to refund money to small savers. Within 11 days, Rs. 7.3 million was collected from 40 major debtors as part of this effort. Affected cooperative institutions across the country still owe around Rs. 4.6 billion to about 76,000 small savers. The repayment process is set to begin from the first week of Jestha, aiming to restore trust and financial stability for small investors dependent on these cooperatives. This move indicates coordinated recovery efforts could strengthen the local financial ecosystem and boost saver confidence.
Source:arthasarokar.com
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