Banskota calls for collection of scattered capital to invest in productive sector

01/12/2019

Kavre, Jan. 12: Minister for Communications and Information Technology Gokul Prasad Banskota has called upon all to collect the scattered capital in order to invest in the production sector.
While addressing the 20th annual general assembly of Jyamdi Savings and Credit Cooperative at Mandandeupur Municipality-12 here Saturday, Minister Banskota said that the capital amount of state, private sector and individuals’ should be integrated to invest in the productions.
He was of the view that some transitional difficulties surfaced following the decision to send the district-level cooperatives to the local levels would be gradually resolved.
Banskota said that cooperative sector was one of the three pillars of the government adding that top priority would be accorded to the cooperative sector.
On the occasion, he praised the agriculture and entrepreneurship-based cooperatives terming appreciating their performance.
The Jyamdi Savings and Credit Cooperative with 747 shareholders has invested nearly Rs 24.8 million in loan by collecting Rs 21.1 million in deposit. RSS

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