Five cooperatives operating in Thamadau are going to merge with each other. A merger agreement was signed at an event held in Kathmandu on Saturday. A merger agreement has been signed between Idol Yamuna Multipurpose Cooperative, National Namobuddha Savings and Credit Cooperative, Citizen Welfare Multipurpose Cooperative, Satkar Savings and Credit Cooperative and Ghedung Multipurpose Cooperative.

The integration agreement was signed in the chief hospitality of Minraj Kadel, President of the National Cooperative Federation. After amalgamation, the name of the institution will be National Idol Yamuna Savings and Credit Cooperative Society (Proposed). Kuyang Lama, Chairman of Idol Yamuna Multi-Purpose Cooperative Organization, informed about the integration of the organization in the program held under the chairmanship.

Chairman Kuyang informed that the organizations going for integration will hold the annual general meeting within 1 month and the integrated general meeting within 15 days. President Kuyang said that the organization expects that the organization will become stronger after the integration of the organization and will increase with the members in the coming days.

After the merger, the share capital of the organization will be 30 million 81 million 22 thousand rupees. The number of members will be 30,000 and 6,858 credit members. Similarly, the institution's reserve fund is 146.66 million, credit risk fund is 124.2 million, total institutional capital is 169.4 million, other funds are 2.27 million, total savings is 5.63 billion, loan is 4.27 billion, financial investment is 4. Rajkumar Lama, President of National Namobuddha Savings and Credit Cooperative Society informed that the liquidity amount is 1.38 billion crores.