The National Cooperative Regulation Authority has been inaugurated in accordance with the Ordinance issued by the government recently to amend the Cooperative Act, 2074.
Minister of Land Management, Cooperatives and Poverty Alleviation Balram Adhikari formally inaugurated the authority's office in a program held today at the former National Cooperative Development Board's building in Pulchok. In the
program, the minister also administered the oath to the chairman and members of the authority.
Addressing the
program, he said that the authority will investigate the irregularities in the cooperative from top to bottom. The minister assured that the debt recovery tribunal, information center and fund will also be established soon. He also directed the officials and employees of the authority to implement the amendments in the Act with determination.
The minister also committed to amend the laws and regulations that are not compatible with the cooperative sector and resolve all the problems in the sector within two years. He said that homework is being done to amend the Land and Survey Act to solve the land related problems.
Arjun Prasad Pokharel, the chairman of the authority and the secretary of the ministry, mentioned that he was the chairman according to the decision of the government on January 7, and said that the office could be inaugurated with the establishment of the office within a week. He says that he will solve the problems without being afraid of the difficulties encountered in the cooperative sector.
Mentioning that there is no alternative to cooperative economy for the prosperity of the country, he said that the government has gone ahead with the alternative to solve the problems seen in this sector. Chairman Pokharel also informed that they are going to advance the cooperative campaign to create jobs through capital. Although the authority could not physically reach around 34,000 cooperatives opened across the country, he was committed to work in such a way as to reach the feet, eyes and eyes.
Omdevi Malla, president of the National Cooperative Federation Limited, said that the laws and regulations made earlier in the cooperative sector have not been implemented. He demanded the implementation of the law now that there is a problem in the cooperative sector that requires the establishment of an authority. Mentioning that there are 38 division cooperative offices in the country, each cooperative submits a report monthly, he said that the problem has now arisen when the division office was removed during the state restructuring.
Nepal Savings and Loans Central Cooperative Association (Nefskun) President Chandra Prasad Dhakal demanded the full implementation of the amendment made in the Cooperative Act, 2074 through the Ordinance. He said that since there is an arrangement similar to the authority of a district judge in the authority, it should be implemented properly and the problems seen in this area should be solved. The first meeting of the Board of Directors of the Authority was also informed on the occasion.
