KATHMANDU, September 15: The Kathmandu Metropolitan City (KMC) registered complaints against 27 cooperatives accused of embezzling their members’ deposits worth around Rs 440 million in the last fiscal year.

KATHMANDU, September 11: The government is making it mandatory for the cooperatives to invest 50 percent of their loans in agriculture.

KATHMANDU, August 16: Finance Minister Janardan Sharma has urged the savings and credit cooperatives to inject 60 percent of the investment in the productive sector.

KATHMANDU, July 27: Insurance businesses and cooperatives with larger transactions are now required to abide by the anti-money laundering (AML) system as the regulators of these sectors have asked these businesses to come within the framework from the fiscal year 2021/22.

Build Back Better with Cooperatives

July 24, 2021 14:15 pm

Cooperatives in Nepal offer a wide range of services, including savings and credit, insurance and non-financial services. Their achievements in the field of socio-economic development of the members indicate that they can grow as cooperative players in the development of Nepal.

Cooperative for development

February 21, 2021 07:00 am

If proper environment is created for cooperatives to work in remote areas, it would be easier to bring rural areas in mainstream of development.

KATHMANDU, Jan 6: Cooperatives have been mobilizing Rs 477.96 billion deposited by their members, which accounts for more than 11 percent of the total deposits collected by the commercial banks.

KATHMANDU, Dec 8: The Department of Cooperatives has barred the primary cooperatives from taking service fees not more than one percent of the loan amount from the borrowers.

KATHMANDU, Sept 24: Cooperatives played a notable role in bringing farm products from the rural to the urban areas, which helped maintain the supply and price stability of the essentials in the market, said the stakeholders of the sector.

KATHMANDU, Aug 23: The government has identified cooperatives as one of the three pillars of the Nepali economy, which have been handling a large chunk of financial resources of the country. However the sector has been left less integrated to banks and financial institutions that has led to high exposure of risks, said stakeholders of the cooperatives sector.

KATHMANDU, Aug 11: The government has come up with yet another directive for the monitoring and regulation of savings and credit cooperatives at a time when the oversight agencies have been struggling to enforce the provisions made in similar other laws for the sector.

KATHMANDU, Sept 12: Minister for Land Management, Cooperatives and Poverty Alleviation Padma Kumari Aryal said the government has adopted a policy to increase the number of agro-based cooperatives by slashing savings cooperatives.

KATHMANDU, Sept 5: Minister for Cooperatives and Poverty Alleviation Padma Aryal has urged the people involved in the field of cooperatives to invest in productive sectors.

KATHMANDU, Aug 3: The government has capped the lending rate for cooperatives at 16%.

KATHMANDU, April 23: The government has set standards on registration of new savings and credit cooperatives amid concerns about their growing concentration in urban areas.

CHITWAN, April 21: Former Prime Minister and Nepal Communist Party Chairman Pushpa Kamal Dahal has said cooperatives' role should be augmented to ensure economic prosperity and socialism-oriented State with social justice.

Cooperatives have Rs 302 billion saving

January 11, 2019 14:40 pm

KATHMANDU, Jan 11:  The cooperatives have collected savings of Rs 302 billion, the National Cooperative Federation of Nepal (NCFN) has said.

CHITWAN, Aug 5: Prabhat Didibahini Savings and Credits Co-operative of Bharatpur Metropolitan City-12 was robbed on July 29. Head of the co-operative Saraswati Kalita Shah said that Rs 548,660 in cash was looted from a metal safe in the co-operative office.

KATHMANDU, July 24: Nepal Rastra Bank (NRB) has released all 14 cooperatives that had received the license to carry out limited banking services from its supervisory and regulatory domain. The NRB and other stakeholders have urged the government to form a separate ‘second-tier institution’ to supervise and regulate those cooperatives as well as other companies that provide banking and financial services.

KATHMANDU, July 8: Minister for Agriculture, Land Management and Cooperatives Chakrapani Khanal has said that land fragmentation has become a big challenge to the government's efforts of increasing agro production.

BANEPA, Jun 1: Minister of State for Communications and Information Technology, Gokul Prasad Baskota, has sought a proper guidance from the cooperatives movement to the government when constitution has set its target of developing a socialism-oriented national economy.

KATHMANDU, May 23: Dairy cooperatives in five districts have reduced milk collection from farmers, stating that dairy companies were not buying milk supplied by them.

KATHMANDU, Jan 23: The Ministry of Cooperatives and Poverty Alleviation has formed a seven-member management committee to take over and manage the 'troubled' Oriental Cooperatives Limited.

HETAUDA, Aug 18: Cooperative organizations in Makawanpur district have done dairy transaction of Rs 796.3 million in Fiscal Year 2016/17.

PALPA, July 31: Registration of 15 cooperatives in Palpa, Gulmi and Syangja was scrapped in Fiscal Year 2016/17.

LALITPUR, July 3: Thieves broke into the office of Kupandol Consumers’ Cooperatives Institute and the office of Gurudwar in Kupandole in Lalitpur Metropolitan City and decamped with Rs 155,000 on Sunday night.

KATHMANDU, June 11: The minimum age to become a member of a cooperative has been set at 16, according to a decision made the Parliament's Finance Committee. The committee unanimously decided the minimum age which is also same age to get a citizenship certificate. The committee changed the age in the proposed bill to amend and integrate laws related to cooperatives from 18 years.

KATHMANDU, Jan 2: Deputy Prime Minister and Minister for Finance, Krishna Bhadur Mahara says the country's development would pick pace through the combined efforts of the government, cooperatives and the private sector.

BHAKTAPUR, Nov 26: Minister for Cooperatives and Poverty Alleviation Hridaya Ram Thani on Saturday said the government was preparing to endorse the cooperatives bill.

KATHMANDU, Nov 18: A total 67 lawmakers have registered amendment proposal to the 13 different provisions in the proposed new Cooperatives Bill.

BHADRAPUR, Oct 2: Minister for General Administration, Keshav Kumar Budhathoki, said the cooperatives must always remain committed in the interest of the people and the country.

KATHMANDU, Sept 30: Taking cue from troubled cooperatives that landed into crisis due to weak governance, the government has proposed new measures in the new cooperatives bill to strengthen corporate governance and ensure internal control system in the cooperatives.

Cooperatives growth on a declining trend

September 21, 2016 02:31 am

KATHMANDU, Sept 21: The growth rate of cooperatives is on a declining trend since 2009/10.

PATHARI (Morang), July 18: The Division Cooperative Office, Morang has scrapped licenses of a dozen passive cooperatives.