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Promotion of cooperatives is government's priority: PM Oli
1 min 11 sec to read
March 31: Prime Minister KP Oli has said the government is committed to develop cooperative sector as a means of organising the marginalised and unorganised sector.
Addressing a seminar on network management for financial inclusiveness, organised by Nepal Federation of Savings and Credit Cooperative Unions Ltd (NEFSCUN) today, PM Oli said that since the cooperatives alone can help raise the financial status of such communities with self-confidence, the cooperatives sector should be expanded.
He said that as the government has prioritised the cooperatives sector, portfolio has been given to a Deputy Prime Minister and not to an assistant minister or a state minister.
PM Oli underlined that the government has adopted the three-pillar economic policy comprising the private, public and the cooperatives sector for raising the economic status of the impoverished communities and for the economic progress of the country.
Deputy Prime Minister and Minister for Poverty Alleviation, Chitra Bahadur KC said that a new Cooperatives Act is being brought to make the cooperatives more systematic and dignified. He assured that the new Act would not be draconian but it attempts to regulate the sector.
Three hundred executive officers of the cooperative institutions affiliated to NEFSCUN are participating in the two-day seminar. Nine different working papers on how to adopt modern technology in cooperatives will be discussed in course of the seminar. RSS
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'summary' => 'March 31: Prime Minister KP Oli has said the government is committed to develop cooperative sector as a means of organising the marginalised and unorganised sector.',
'content' => '<p>March 31: Prime Minister KP Oli has said the government is committed to develop cooperative sector as a means of organising the marginalised and unorganised sector.</p>
<p>Addressing a seminar on network management for financial inclusiveness, organised by Nepal Federation of Savings and Credit Cooperative Unions Ltd (NEFSCUN) today, PM Oli said that since the cooperatives alone can help raise the financial status of such communities with self-confidence, the cooperatives sector should be expanded.</p>
<p>He said that as the government has prioritised the cooperatives sector, portfolio has been given to a Deputy Prime Minister and not to an assistant minister or a state minister. </p>
<p>PM Oli underlined that the government has adopted the three-pillar economic policy comprising the private, public and the cooperatives sector for raising the economic status of the impoverished communities and for the economic progress of the country.</p>
<p>Deputy Prime Minister and Minister for Poverty Alleviation, Chitra Bahadur KC said that a new Cooperatives Act is being brought to make the cooperatives more systematic and dignified. He assured that the new Act would not be draconian but it attempts to regulate the sector.<br />
<br />
Three hundred executive officers of the cooperative institutions affiliated to NEFSCUN are participating in the two-day seminar. Nine different working papers on how to adopt modern technology in cooperatives will be discussed in course of the seminar. RSS</p>
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