Four cooperatives companies are blacklisted

Jun Wed 2022 02:25:53

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Four cooperatives companies are blacklisted

Kathmandu. The number of individuals and companies being blacklisted for non-payment of loans taken from various banks and financial institutions is increasing. Many individuals and entities have been blacklisted for failing to repay loans on time from banks and financial institutions for various business purposes.

The blacklisted companies are The Next Saving and Co-operative Limited, Cireto Saving and Credit Co-operative Limited, Chetna Saving and Credit Co-operative and Sahyatri Agriculture Co-operative Limited.

The credit information center has been blacklisting such individuals and companies for non-payment of loans taken from banks and financial institutions for a long time. Among those added to the list issued by the center during this period are established construction businessmen, industrialists and even vegetable traders. Similarly, agri-entrepreneurs, marts, retailers, cooperatives and even individuals have been blacklisted during this period.