Not to Implement Auction Process to Over to the Cooperative Debt

Kathmandu, a direction provided from department of cooperative for three month refreshment. They starting to auction process from cooperative in the kathmandu valley.

Direction given to cooperative not to go for auction process, should be give opportunity in those situation it should be extend to priority for three month loan refreshment facility. Direction was given by cooperative department. Cooperative institution’s house and land auction process.

Whole of the cooperative institution provide to follow the necessary direction for three month to refreshment facility. according to Department of cooperative released statement keep to direction.

Such of the provision debt will may re-tabulation opportunity within three month loan released new manner.

Department of cooperative released the information at 6 July Thursday due to paid for debts sum, for the 3 month re-tabulation facility.

This facility last fiscal year not declaration in bad debt of index and full of loan re-tabulation’s facility who havn’t received at last fiscal year. Resources inform that.

As a Fiscal year 2022/023’s till to 31 July 2023 interest, fiscal year 2022/2023’s discount facility in form of income counting provided by department of cooperative.