Mention the development process of cooperative in Nepal in short.
1 Answer
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. |
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