Gurkha Millennium Blog

A Cooperative or Co-operative is a an autonomous association of persons who voluntarily cooperate for their mutual, social, economic and cultural benefit. This is a list of renown cooperative in Nepal. 1. Gurkha Millennium Multipurpose Cooperative Limited 2. Kumari saving and credit co-operative limited 3. Gorkha Saving and credit co-operative limited 4. Kantipur saving and credit co-operative limited 5. Nawakantipur multipurpose co-operative society 6. Sana saving and credit co-operative limited 7. Sincere saving and credit co-operative limited 8. Hamro sunalulo saving and credit co-operative limited

Total Number of Cooperative in Nepal : 26,501 Total Number of Member : 4,647,549 Total Number of employment by Cooperative: 39,752 Total Share capital of Cooperative : NPR 27,095,151.00 Total Deposit in cooperative : NPR 139,543,971.00 Total Loan disburse by Cooperative : 134,033,495.00 Source: Department of Cooperatives Fiscal year 2068/69

A cooperative is an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly-owned and democratically-controlled organization. Cooperatives around the world generally operate according to the same core principles and values, adopted by the International Co-operative Alliance in 1995. 1. Voluntary and Open Membership Cooperatives are voluntary organizations, open to all people able to use its services and willing to accept the responsibilities of membership, without gender, social, racial, political or religious discrimination. 2. Democratic Member Control Cooperatives are democratic organizations controlled by their members—those who buy the goods or use the services of the cooperative—who actively participate in setting policies and making decisions. 3. Members' Economic Participation Members contribute equally to, and democratically control, the capital of the cooperative. This

Saving Scheme Interest Rate (%) Interest Posting Minimum Balance Gurkha Premium Saving 10.00 Quarterly Rs50,000.00 Bisesh Saving 8.00 Quarterly Rs5,000.00 General Saving 7.00 Quarterly Rs1,000.00 Senior Citizen Saving 7.50 Quarterly Rs500.00 G.M.M Saving 5.00 Quarterly Rs500.00