| Since the early
1990s a large number of co-operatives with different specialties
have been set up. Savings and Credit Co-operatives, other co-operatives
with savings and credit business components and Diary Co-operatives
have been spread throughout the country. Following are the status
of Co-operatives as of 2007/2008.
Primary Level Co-operatives: as of 2007/08
|
SN |
Type of Co-operatives |
No
of Co-operatives |
Share Capital ' 000 |
|
1 |
Savings and Credit |
4432 |
1932163 |
|
2 |
Multipurpose |
2808 |
1229011 |
|
3 |
Dairy Production |
1561 |
49096 |
|
4 |
Agriculture |
1497 |
173803 |
|
5 |
Electricity |
254 |
6462 |
|
6 |
Others |
245 |
68855 |
|
7 |
Vegetable and Fruits |
116 |
2673 |
|
8 |
Consumers Cooperative |
103 |
10803 |
|
9 |
Science and Technology (Travel, Communication) |
76 |
47442 |
|
10 |
Coffee |
69 |
614 |
|
11 |
Health |
41 |
108821 |
|
12 |
Tea |
39 |
5677 |
|
13 |
Herbs |
33 |
2190 |
|
14 |
Beekeeping |
28 |
407 |
|
|
Total |
11302 |
3638017 |
According to the present co-operative act of Nepal , the eligibility
to register the savings and credit co-operatives is as follows:
• At Least 25 members
• Living within the specified common bond
• Purchase at least one share of the co-operative by
each individual members
• Written bylaws of the credit union
• Action plan for the year
• Decision of the preliminary meeting of the individual
members
• Financial Statement
• Citizenship certificate etc.
The co-operatives have to register under the Co-operative Act
of Nepal at Department of Co-operatives. Although, the Registrar
of the Co-operative Department is responsible to register the
Savings and Credit Co-operatives he has delegated the authority
to the District Co-operative Officer for credit unions. |
