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29,886 cooperates have over 7.3 million members across Nepal

Nepal Rastra Bank Governor Maha Prasad Adhikari receives a report about the status of cooperatives in Nepal , in Kathmandu, in January 2021.

Kathmandu, January 4

There are 29,886 cooperatives across the country, according to the recent government data. These cooperatives have seven million and 7,462 people as members.

The Department of Cooperatives handed over a report of the recent count to Finance Minister Bishnu Paudel, and Nepal Rastra Bank Governor Maha Prasad Adhikari recently.

According to the department, 56 per cent of the members are women.

The department had conducted the count from August to November in all seven provinces of the country last year.

As per the count, there are 20 sectoral associations and federations of cooperatives, one national cooperative bank, one national federation, 70 district associations, and 241 sectoral district accotiations.

The cooperatives hold the share capital of Rs 94.105 billion in total whereas there is a saving of Rs 477 billion. The cooperatives have spent Rs 426 billion and employed 88,309 people directly.

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