Development process of cooperative in Nepal:
S.N. | Period/Date | Development process |
1 | Traditional | Traditional Guthi, Dharma bhakari, Manka Khala, Kulayan, Dewali, Parma, Bheja, Aama Samuha etc are included under it. |
2 | 2010 BS | Establishment of department of cooperative formally paved the way to establish cooperative. |
3 | 2013 BS | The first bakhan Loan and cooperative organization was established in Chitwan. |
4 | 2016 BS | Cooperative act 2016 was enforced to manage cooperatives in the country. |
5 | 2018 BS | The rule of it was amended and cooperative regulation was enforced. |
6 | 2020 BS | Cooperative Bank was established. |
7 | 2048 BS | Cooperative act 2048 was enforced. Slowly the number of cooperative registration increased. Thirteen thousand and five hundred cooperatives are dealing with saving and loans in Nepal at present. |