Cooperative problem...

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While all the current economic indices of Nepal are negative, the role of cooperatives is more effective Since the pain of cooperative victims is very painful, just and needs to be addressed, it is necessary for the relevant agencies to be very serious about such problems.

In order to address this, there is a need and imperative to solve the problems of cooperative sufferers, even if some of the problematic

cooperatives sell the movable and immovable assets they have invested in.

It is estimated that there are currently about 31 thousand cooperative organizations in the country. Where there are deposits of more than 5 billion rupees, it is 15 percent of the personal deposits with the banking sector of the country.

The co-operative sector, which has so many transactions, does not have a strong regulatory body like Nepal Rastra Bank. Monetary policy is also said to be eased only. Cooperatives can start their legal business by getting a certificate of registration. Savings and credit cooperatives have to follow the rules and regulations given by the national bank.

Operating around the world, cooperatives in various sectors of the economy have proven themselves to be more resilient than average in the face of crisis. But this does not seem to be the case in Nepal.

They promote economic participation, combat environmental degradation and climate change, create good jobs, contribute to food security, keep financial capital in local communities, build ethical value chains, and, improve people's physical

conditions and security. By doing so, it contributes to positive peace. A cooperative is the only enterprise model with universally agreed principles based on a foundation of shared ethical values .

The development of cooperatives in Nepal is not satisfactory. Reasons:- There is lack of clarity about the mission, national vision and adequate monitoring of the government regarding the cooperative movement. Lack of managerial skills and professionalism, lack of planning and implementation working capital, lack of appropriate research, extension about the cooperative movement and lack of education credit.

It seems that the government has a plan to make transactions through cooperatives cashless. There is a need for the government to encourage mergers between cooperatives. It seems that emphasis has been placed on their merger with the aim of reducing the number of cooperatives and increasing their quality. Some cooperatives have already merged. In this situation, there is a possibility of practical and policy problems when the organization is taken to the merger. Currently, there are about 34,500 cooperative societies in Nepal. Among them, there are about 14,000 savings and loan cooperatives. The rest are multi-purpose and sectoral cooperatives. The majority of cooperatives are involved in agricultural production and processing.

Some hold the opinion that savings and loan cooperatives, especially in urban areas, have acted against the values and beliefs of cooperatives. Therefore, the view of the cooperative sector as a whole has become bad. On the whole, due to the current movement of cooperatives and due to the country's past economic system and lack of proper regulation, members and depositors of cooperatives are in big trouble. Even the government has taken some initiatives to address this, but it is not enough.

As the constitution states that it is one of the three pillars, and the private sector does not feel so comfortable about it, the relevant agencies should deal with the serious problem properly, and be careful not to create such a situation in the future.