Depositors in Trouble after Cooperative Shuts its Services   

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Depositors in Trouble after Cooperative Shuts its Services   

March 7: The customers of Tulsipur-based Shiva Shikar Multi-Purpose Cooperatives have been badly affected after the cooperative closed its services.    

With the closure of the cooperatives for a month, the depositors are forced to return empty handed. Tulsi Nepali, a fruit trader from BP Chowk, who had deposited Rs 127,000 in the cooperative, is now regretting over the decision to save his money.    
"It has been almost a month. Although employees of the cooperative say they will open the office, they have not. It has been difficult to pay the loan," he shared his plight.    
Similarly, Chandra Kali BK is another customer to deposit Rs 60,000 in the Shiva Shikar Cooperatives. She visited the office many times to withdraw her money, but in vain. "Nobody is present in the office. When they are contacted over phone, they say they will pay by coming July," she explained.    
She had planned to undergo medication with the saving, but now it is not certain when she will get her money back from the cooperative.    
Likewise, Ashok Bhandari, who runs a fancy clothes shop in Tulsipur, informed that he had also deposited some amount of money in the cooperative. He reached the cooperative office many times, but returned empty handed.

"Although it was a small amount (Rs 6,000), I had to toil for earning it. Now, I'm facing monetary problems," he said.    
According to him, the cooperative runs a mart, but the mart is not willing to adjust the purchase he made from his savings.

The cooperative had issued a notice on February 10 that it would close its services until another notice on the pretext that it was unable to pay back the depositors due to economic recession. -- RSS  

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