PM Dahal pledges to address issues pestering microfinance, cooperatives

Prime Minister Pushpa Kamal Dahal has pledged to take initiative 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 the rural people and the people from the indigent community with financial services, the Prime Minister said lately, the sectors were gripped with significant problems. "Some complications were contextual, while some were the consequences of professional dishonesty of members on 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 initiation so far to alleviate the situation.