co-operatives are financial institutions. there are many cooperatives established in Nepal. this slide explain all the issues and different co operatives in Nepal and their performance.
2. Meaning and Concept
“Cooperative society is the form of organization in which person voluntarily
associated together as human being on the basis of equality for the promotion of
economic interest of themselves.”(H. Calvert)
Co-Operative is a movement of helpless against the capitalism exploitation as it
is a joint effort for not only one but for all
3. History of Co-Operatives in Nepal
Establishment of Department of Cooperatives (DOC) under the Ministry of
Agriculture for Planning and Development in 1953
Cooperative Movement started in 1954
Rapti valley Development project by USAID 1954
First National plan period (1956-60) developed 13 Saving and credit
Cooperative Societies for the rehabilitation of the flood Victims(Rapti)
The government of Nepal announced "Member from each household" policy
through its annual plans and programs in 2015
9. Current scenario
This sector also provide direct employment to more than 50
thousands while in indirectly to more 100,000 job opportunities in
different fields
Many cooperative suffer from unsound investment in risky areas
,where there are no returns
Most cooperative lack professional management and plagued by the
lack adequate knowledge, principles and practices of cooperatives
10. people are more attracted to cooperative because the returns are
higher and they provide high level services by going to the clients
house
The interest rates are high so if u take loan and investment in other
project then you will have difficult to gets returns
It charges interest as well as different types of fee on loan( loan fee,
membership fee, aawhan fee, organization development fee, valuation
fee, other fee)
11. How can cooperative activities be
financed
Directly from members themselves
one-time or annual membership fees
· member contributions with no individual ownership attached, such as service fees.
· member share capital
· individual member deposits with the cooperative which may be used for business
· deferred payment to members for part or all of their produce delivered to the cooperative
From retained surpluses generated by the cooperative business
From outsiders
grant
short-term loan
long-term loan
trade credit offered by a supplier.
12. Problems in Co-operatives
The development of cooperatives is not satisfactory in Nepal
Reasons:
Lack of clarity about mission, national vision and adequate monitoring on the
part of government with respect to cooperative movement
Lack of managerial skills and professionalism, sound planning and
implementation
Lack of working capital, appropriate research, extension and education about
cooperative movement
Lack of creditability.
13. Conclusions and suggestions
A cooperative organization can carry out its functions only after its
registration under the cooperative act 2048
The Government has announce to celebrate cooperative year 2012
Many cooperative Suffer from unsound investment in risky areas where
there are no returns
Most Cooperative lack professional management and are plagued by the
lack of adequate knowledge ,principles and practices of cooperative
14. Appropriate governmental policies and programs, rules and regulations, credit
availability, insurance policies, and governmental support systems should be in
place for a successful cooperative movement.
Government should recognized good cooperative and reward where as the bad
ones must be given a time or framework to improve
Encourage to form the Cooperative rural areas rather than the valley or city
based
Necessary to provide the training and guideline from the smooth functioning of
the cooperative
