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Department of Cooperatives: Plan to merge cooperatives stalls due to lack of clear policy

The government has been prioritising amalgamation of cooperatives in a bid to regulate cooperatives through effective monitoring. Even the budget statement for fiscal 2019-20 also mentions encouraging financial cooperatives to merge, but it does not contain a concrete incentive package for amalgamated cooperatives. Because of the lack of clear policy, the government’s plan to amalgamate cooperatives has failed to gain momentum. (Kathmandu Post)

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