Employment generation likely through cooperatives, Minister Shrestha says

Kathmandu / Dec 15: Minister for Land Management, Cooperatives and Poverty Alleviation Shashi Shrestha has said the trend of going for foreign jobs would be brought to end by creating employment through the means of cooperatives. For it, cooperatives can properly utilize lands, she viewed.

At a progress review of Problematic Cooperative Management Committee and unveiling of the first edition of Cooperative Good-Governance magazine here Thursday, Minister Shretha said employment could be generated at home through the cooperatives in Nepal where the climate situation is appropriate for agricultural productions.

As we have good performing cooperatives, they should be utilized in employment generation and production growth as per the norms and values of cooperatives. She stressed that the Committee is required to do more things considering that no cooperative would fall into trouble. “The Committee’s job should be result-oriented to disseminate awareness to the cooperatives,” Minister Shrestha added.

She was of the view that few cooperatives are in trouble among 32,000 cooperatives in the country. Minister Shrestha added that the Committee was also working to pay back to the depositors of the troubled cooperatives.

On the occasion, Ministry’s Secretary Dr Damodar Regmi described cooperative as a key pillar of Nepal’s three-pillar economy. Dr Regmi urged to develop the cooperative cultures by highlighting good practices being exercised in cooperatives.(RSS)