Finance Minister Janardan Sharma has said the country's economy should be made more dynamic with the partnership of government, community, and private sector.
Addressing the 15th anniversary and annual general assembly of Syuchatar Saving and Credit Cooperative on Thursday, Minister Sharma said that the cooperatives should be linked to production as the government would work for management given its coordinating role.
"We should advance towards development and progress by linking the community. Government, community, and private sector should be linked and the community is the key partner in this regard," the Finance Minister argued.
He expected the role of cooperatives in production and job creation by supporting the government's programs.
On the occasion, he said that the investment of the cooperative was an unproductive sector, adding that the investment now should be shifted to the productive sector to complement the country's development. This will result in the progress of the entire community and nation, according to Sharma.
Sharing that a policy allowing cooperatives to establish companies for capital investment has been passed, the Finance Minister said it would be implemented soon so that the cooperatives can invest the cash collected from citizens.
Procedures are being drafted for this to materialise. Billions of rupees would then go to the productive sector, Minister Sharma said.