Regulate Cooperatives

Recognised as the third pillar of Nepal’s economy, cooperative is an autonomous financial institution run with the money collected from its members. As every member has the equal say over the matters of the cooperatives, they function under a democratic framework. The people get involved in the cooperatives to serve their immediate economic needs and start new entrepreneurship with moderate investment. For those, who have no access to big financial institutions, cooperatives have come handy to operate their commercial ventures. A sense of solidarity and self-help guide the cooperatives that are also expected to abide by ethical values, accountability, transparency and social responsibility. As the voluntary people set up cooperatives with small-scale money, they create a large network of economic activities.