KATHMANDU, May 30 -- In the budget for fiscal year 2020/21, the government has talked much about facilitating a number of programs to generate employment opportunities via cooperatives, but it has failed to outline mechanisms to monitor the largely unregulated sector where several cooperatives have misappropriated billions of rupees of their members.

For the past few years, the government has been considering cooperatives as one of the main pillars for carrying forward development activities. In the budget unveiled at the time the economy is largely devastated by the threat of coronavirus, the government is offering large amounts of subsidy in many businesses that will be carried out via cooperatives. Establishing credit information cent...