Cooperative depositors still await refunds despite Rs 650 million relief fund

Efforts to repay depositors of troubled cooperatives in Nepal have so far brought limited relief, according to reports by Nagarik News, Republica and Onlinekhabar. The Problematic Cooperative Management Committee says about 76,000 depositors are owed nearly Rs 46 billion. The government has set up a revolving relief fund and Nepal Rastra Bank has extended its inspection team's term at the cooperative regulator, but some depositors say they have so far got back no more than Rs 5,000.