19th Annual General Assembly

19th Annual General Assembly Concluded

The Aarthik Bikash Mitra Savings and Credit Cooperative, operating from its central office in Ward No. 4 of Panchkhal Municipality, Kavrepalanchok, and expanding its services across the district, successfully concluded its 19th Annual General Assembly.

The program was inaugurated by Mahesh Kharel, Mayor of Panchkhal Municipality. He emphasized that the cooperative sector must play a vital role in preventing youth from going abroad for employment. He further highlighted that cooperatives in Panchkhal should focus on youth-oriented and income-generating programs to create local employment opportunities. According to him, Aarthik Bikash Mitra Cooperative has been performing exceptionally well in Panchkhal and surrounding areas, actively fulfilling its social responsibilities.

Special guest Deputy Mayor Suryamaya Danuwar praised the cooperative’s operations and advised adopting more transparent and equitable systems to ensure the safety of members’ savings and fair service delivery. She also stressed the need to clearly inform members about available health services and other facilities.

Similarly, Apsara Dhungana Sipkhan, Spokesperson of the District Coordination Committee, Kavre, stated that the cooperative has consistently contributed to strengthening local economic activities—even in challenging situations—while remaining aligned with its founding objectives.

The program also featured congratulatory remarks from founders, officials, and representatives of various cooperatives. During the event, Chairperson Babukaji Parajuli presented the annual report, Secretary Ram Prasad Koirala presented the progress report, and Treasurer Damodar Dulal presented the financial report. Badriprasad Acharya, Coordinator of the Audit and Supervision Committee, presented the audit report.

Current Structure and Financial Highlights

  • Share Members: 11,340

  • Child Savers: 4,319

  • Share Capital: NPR 10 Crore 20 Lakh 25 Thousand

  • Savings Deposits: NPR 83 Crore 03 Lakh 44 Thousand 898

  • Various Funds: NPR 12 Crore 80 Lakh 04 Thousand 823

  • Total Assets (Balance Sheet): NPR 1 Arba 22 Crore 60 Lakh 77 Thousand 405

Honors and Awards Presented

On the occasion of the 19th Annual General Assembly, the cooperative honored individuals in various categories, including: