Kathmandu. Minister for Land Management, Cooperatives and Poverty Alleviation, Balram Adhikari, has said that everyone needs to move forward emotionally to prove that cooperatives are one of the pillars of the three-pillar economic policy. Addressing a program organized in Kathmandu on Wednesday on the occasion of the 68th National Cooperative Day and the International Year of Cooperatives 2025, Minister Adhikari said this.
He clarified that the government had enacted the law through an ordinance because the Cooperative Act, 074 had failed to address the problems of cooperatives. He asserted that the government had amended the act after realizing the need for a regulatory authority, a debt recovery tribunal and a savings protection fund for the management of cooperatives. Minister Adhikari says that it is necessary to warn those who want to break up cooperatives by giving the message that cooperatives are organized.
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