Paradox of Growth: Expanding Cooperatives Await Effective Government Intervention
Summary
Despite protests over mismanagement, Nepal's cooperative sector is rapidly expanding, adding over 1,500 new cooperatives and 3.5 million members in 2082, with significant increases in share capital, savings, and loans.
Key Points
- The number of cooperatives in Nepal increased by an average annual growth rate of 2.50%, with 1,515 new cooperatives established in 2082.
- Membership in cooperatives grew by 12.18% annually, adding 3,521,364 new members in 2082, despite protests from victims of failed cooperatives.
- Total savings in the cooperative sector surged by 135.36% in 2082, reaching Rs. 1,125.28 billion, with average savings per member at Rs. 103,187.
- Total loans increased by 128.07% in 2082, with a credit-to-deposit ratio of 82.09%, indicating active financial intermediation within cooperatives.
