President Ram Chandra Poudel presented the policies and programmes for the fiscal year 2026/27 in the joint session of the federal parliament today.
President Poudel said that the capacity of the National Cooperative Authority would be strengthened for effective regulation and monitoring of cooperatives. Efforts are being made to strengthen the regulatory body to overcome the mistrust seen in the cooperative sector in recent times.
In order to protect the interests of the depositors who have deposited money in the problematic cooperatives, a security protection fund will be set up and arrangements will be made to return the savings through loan recovery. Similarly, the government has planned to control excessive loan sharks, illegal financial transactions and economic crimes by strengthening the credit information system.
