Govt restricts registration, service expansion of saving and credit cooperatives

KATHMANDU, NOVEMBER 26: The government has decided to disallow the registration, service expansion, and establishment of service centers for cooperatives. The Ministry of Land Management, Cooperatives and Poverty Alleviation (MoLMCPA) lately urged authorities concerned to implement the decision taken by the cabinet to suspend the registration, service expansion, and permission of service centers related to […] The post Govt restricts registration, service expansion of saving and credit cooperatives appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

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NRB, DoC to keep tabs on big cooperatives online

KATHMANDU, FEBRUARY 26: With more cooperatives being declared problematic due to financial debacle, the Department of Cooperatives (DoC) and Nepal Rastra Bank (NRB) have collaborated to inspect especially large-scale cooperatives online. According to media reports, there are three monitoring teams formed under the coordination of the Department’s Deputy-Registrar, Tola Raj Upadhyaya, for the very purpose. […] The post NRB, DoC to keep tabs on big cooperatives online appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

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Chandragiri Municipality to enhance cooperatives’ capacity

KATHMANDU, JANUARY 30: The Chandragiri Municipality in Kathmandu has launched training and orientation for the cooperatives for their capacity building. In the wake of the waning status of cooperatives, the municipality has decided to empower them legally. There are nearly 140 cooperatives in this municipality. For knowledge creation and sharing, it has prepared digital training […] The post Chandragiri Municipality to enhance cooperatives’ capacity appeared first on Aarthiknews:: A leading business & economic news portal from Nepal.

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Kathmandu metropolitan city asks police to take action against 68 cooperatives

Kathmandu metropolitan city has asked the police to take legal action against 68 cooperatives for misappropriation of savers' funds. The post Kathmandu metropolitan city asks police to take action against 68 cooperatives appeared first on OnlineKhabar English News.

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KMC shows concern after citizens duped by cooperatives

The Kathmandu Metropolitan City (KMC) has shown its concern on regulating the cooperatives under its jurisdiction in view

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KMC shows concern after citizens duped by cooperatives

The Kathmandu Metropolitan City (KMC) has shown its concern on regulating the cooperatives under its jurisdiction in view

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Cabinet meeting: Task force formed to improve cooperatives

KATHMANDU, May 9: The government has formed a task force for the improvement of cooperatives. Government spokesperson Rekha Sharma informed that the task force was formed in the Cabinet meeting held on Tuesday. Similarly, the meeting has promoted the Joint Secretary of the Nepal

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National Bank will regulate cooperatives with more share capital

It is about to bring the large cooperatives that deal in savings and loans under the regulatory jurisdiction of Nepal Rastra Bank.

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KMC conducts regular monitoring of cooperatives

After receiving complaints that the number of cooperatives committing irregularities is increasing daily.

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KMC conducts regular monitoring of cooperatives

After receiving complaints that the number of cooperatives committing irregularities is increasing daily.

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Many cooperatives in Nepal into fraud thanks to nominal monitoring

In 2019, Ram Kumari Shrestha, who operates a business in Bajbajar, got around Rs 1 million after her family sold their ancestral land. Wanting to make the most of it, she decided to use the money to buy land in the outskirts of the city. She was planning to take a loan to manage the […] The post Many cooperatives in Nepal into fraud thanks to nominal monitoring appeared first on OnlineKhabar English News.

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