ROLE OF CO-OPERATIVES IN PROMOTING SOCIO-ECONOMIC CONDITION IN DAKSHINKALI MUNICIPALITY

Abstract

Financial inclusion is a critical component of socioeconomic development, particularly in regions facing poverty and income disparity challenges. In the context of Nepal, co-operatives have emerged as key players in fostering financial inclusion, poverty reduction, and income generation. This dissertation delves into the multifaceted role of co-operatives in promoting financial inclusion in Dakshinkali Municipality, Nepal, employing a descriptive and analytical methodology. The objectives of this study encompass a comprehensive assessment of the role of cooperatives in elevating the socioeconomic conditions in Dakshinkali Municipality, with a particular focus on promoting socioeconomic condition. Additionally, the research seeks to identify and examine the primary challenges that co-operatives encounter in their mission to enhance socioeconomic conditions. Furthermore, the study delves into the cooperative business models and evaluates their effectiveness in advancing socioeconomic well-being within Dakshinkali Municipality. The findings underscore the pivotal role of co-operatives in fostering sustainable socioeconomic development, as evidenced by the positive correlations between cooperative involvement, employment creation, financial literacy, environmental conservation, disaster preparedness, entrepreneurship development, and social recognition. These insights provide valuable guidance for cooperatives, regulatory bodies, cooperative members, and future researchers. In conclusion, this dissertation illuminates the multifaceted contributions of cooperatives in promoting financial inclusion and socioeconomic advancement in Dakshinkali Municipality, Nepal. The implications drawn from this research emphasize the importance of fostering cooperative growth, enhancing financial literacy, embracing environmental stewardship, and actively engaging in community development initiatives to realize the full potential of co-operatives as agents of positive change and prosperity. KeyWords: Co-operatives, Socioeconomic Condition, Dakshinkali Municipality, Poverty Reduction, Income Generation, Co-operative members, Social Recognition