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PM attends 54th Nat'l Cooperative Day

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KATHMANDU, April 3: The 54th National Cooperatives Day was marked on Sunday by organizing various programs across the country.



Kathmandu District Cooperative Union organized a rally beginning from Bhrikuti Mandap and encircled different parts of the city before changing into an assembly in the same site.



Addressing the assembly, Prime Minister Jhala Nath Khanal informed the participants that the government was planning to amend the Cooperative Act to bring the investment of cooperative organizations in the hydro-power project.



The PM said the government will prepare appropriate environment for investing in hydro-power projects.



Saying consensus has been forged on public-private-partnership for the future economic policy, Khanal said country´s economy should be strengthened on the basis of this three-pillar economic policy.



The PM also pledged to give top priority to the cooperatives in the three-year interim plan.



PM Khanal said the cooperatives should not be merely based on capital mobilization but should invest on productive sectors.



On the occasion, PM Khanal honored different cooperative organizations of the Kathmandu valley for their outstanding performance.



According to the National Cooperative Federation of Nepal, more than three million people are affiliated to some 21,000 saving and credit cooperative organizations across the country.



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