A Historic Day for the Nepali SACCOS Movement: Stabilization Fund Starts Functioning
२०७९ जेठ २७, शुक्रबार
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dir="auto">All the statutory provisions regarding the functioning of the fund were met with the support from the government of Nepal, line ministry and department, stakeholders, allies, financial cooperatives and media. All doubts and skepticisms regarding the matter have been put to an end with the start of its full functioning.
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dir="auto">The fund will help stabilize any sort of unanticipated financial turbulences and carry out activities that will ensure good governance, safe, sound and sustainable SACCOS movement. Minister Shrestha expressed that she was more than elated to pronounce the start of the fund as it will help better the image of the financial cooperatives by working as a protective shield against any unforseeable financial upheavels. An unerasable history has been written in the Nepalese cooperative movement today.
dir="auto">A sum of more than 100 million was collected from 240 plus financial cooperatives which met the statutory requirement for bringing the fund into full fledged operation.
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