Software launched for the registration of savings and credit cooperatives
Summary
The National Cooperatives Regulatory Authority has launched an online software system for the registration of savings and credit cooperatives in Nepal to facilitate financial management and improve regulatory compliance.
Key Points
- The National Cooperatives Regulatory Authority (NCRA) launched software for online registration of savings and credit cooperatives.
- The system allows cooperatives to become members of the Credit Information Center and easier inclusion in the Deposit and Credit Protection Fund.
- NCRA Chair Dr. Khagaraj Sharma highlighted the importance of addressing money laundering through the new system.
- Stakeholders emphasized the importance of facilitation and coordination between the Authority and cooperatives for smooth operations.
