Over 11,500 Cooperatives Brought Under Central Regulatory Oversight in Nepal
Summary
Over 11,500 cooperatives across Nepal have been brought under central regulatory oversight through the National Cooperative Regulatory Authority's Financial Cooperative Regulation System, with registrations varying across provinces.
Key Points
- Approximately 11,648 cooperatives have registered with Nepal's Financial Cooperative Regulation System.
- Only 2,119 cooperatives have been verified and issued certificates so far.
- Bagmati Province leads in cooperative registrations, while Karnali has the fewest.
- Challenges in registration include lack of awareness, incomplete audits, and insufficient encouragement from cooperative bodies.
