Role of Co-Operatives for Socio-Economic Development in Nepal (A Case Study of Syuchatar Saving and Credit Co-operative Society Syuchatar VDC, Ward No. 4, Kathmandu, Nepal)

Abstract

Co-operative is an autonomous association of person united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. Co-operative, is an economic enterprises and as self organization which is functioning on its own way and making supportive role in the rural development and economic development of Nepal. Nepal is the one of the least developed country in the world. It is extremely necessary that the poverty and under development of the nation should be attacked from all possible direction. Co-operative movement is one such a measure to improve the economic condition and lower the blows of poverty and under development to the country and its people or members. Moreover, the co-operative organizations of Nepal are working in rural areas to uplift the economic condition of poor people by accepting their small saving and providing loan at reasonable rate of interest for investing in productive and skill oriented sector. The thesis entitled “Role of a co-operatives for socio-economic Development in Nepal” A Case study of Syuchatar Saving and Credit Co-operative Society Limited, Syuchatar VDC Ward No. 4, Kathmandu, Nepal. General objective of the study is to find the role of co-operatives for socio-economic development in Nepal. The objective of the study is study of the socio-economic status of the people who are related to Syuchatar Saving and Credit Co-operative Society Limited. After the restoration of democracy (2046) the most developed concept for social empowerment is 'co-operative' so have are innumerable co-operatives in our country. In this study the saving and credit mobilization for socio-economic developing process of SSCCS is studied. All the co-operatives of Nepal are taken as population and SSCCS is taken as samples for the study. 70 respondents were taken who were the members of Syuchatar Saving and Credit Co-operative Society Limited through accidental, random sampling method. Based on their information, analysis of data was conducted. Questions were asked to the respondents who were the current member of the Syuchatar Saving and Credit Co-operative Society Limited. In the course of study it was found that the Co-operatives have the responsibility of providing financial as well as technical assistance to the poor people for generating income so co-operatives is taken as a device to fill the pit between haves and have not. The study also showed that financial activities. Sampled co-operative was able to meet the financial function especially basic saving and credit services. The activities of Syuchatar Saving and Credit Co-operative Society Limited were found effective members were empowered for increasing the life standard by financial activities of Syuchatar Saving and Credit Co-operative Society Limited at individual and household levels. More members were satisfied to the financial function of Syuchatar Saving and Credit Co-operative Society Limited. The sampled co-operative used to give different kind of training also to its members for different sectors. This study mainly focused for the positive change of socio-economic status of the people through the financial activities of saving and credit co-operatives which help to generate incoming source.