Democracy In Nepal

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Nepal has a cultural and tradition of informal community based co-operatives including savings and credit associations popularly known as dhikuti, and grain savings and labour savings systems known as parma and dharma bhakari. Similarly, Guthi provided a forum to work together for smoothly running different socio cultural practices. Many of these traditional systems of cooperation are still functioning in some rural areas of Nepal. Year 1950, in the political history of Nepal because 103 years long oligarchy of Ranas' was annexed by the people's mass movement and established multi-party democracy to ensure the peoples' freedom and governance. After the annexation of Rana regime, the democratic leaders were enthusiastic to do everything for…show more content…
Cooperative Bank was converted into Agriculture Development Bank (ADB/N) in 1967. In 1973, Cooperative Education Programs was implemented to raise the awareness of cooperatives. Cooperative movement had highlighted the as a suitable mechanism to upgrade the socio-economic condition of the rural massive people. There were mainly two achievements of this period in the agricultural development of cooperatives with the establishment of agricultural development bank. The bank supplied agricultural inputs on credit or cash and made the provision for marketing of agricultural…show more content…
Various structural and institutional changes had been made during this period. Cooperative Act -1992 was enacted and National Cooperative Development Board was set up by dissolving the Sajha Central Office. In the same year 1992, Sajha Development Department was converted to Department of Cooperatives. Nepal got ICA membership in 1997. The plan had recognized the role of cooperatives for poverty reduction and socio-economic development through the initiative of the local people by promoting cooperative business. Establishment of National Cooperative Bank Limited in 2003, National Cooperative Development Fund (NCDF) in 2004, conversion of District Cooperative Office into Division Cooperative Office in 2004 and establishment of Regional Level Cooperative Training Office in 2005 were some important events took place during this period for the development of cooperatives. At the end of tenth year plan there were 3,080 agricultural related cooperatives registered in

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