National cooperative development board

National cooperative development board (NCDB)

It was established an enacted in kartik 21, 2049. It has been established for economical and social development of weaker section of the society according to the cooperative principles under the co-operative development board act, 2049. It is established under national cooperative development act, 2049. It is autonomous and corporate boy with perpetual existence. It has its own common seal. Board can purchase, sale or manage property. It is managed by an executive committee under the chairperson of the minister of agriculture and corporate.

Features

• It is established under national cooperative development act, 2049.
• It is autonomous and corporate boy with perpetual existence.
• It has its own common seal.
• Board can purchase, sale or manage property.
• It is managed by an executive committee under the chairperson of the minister of agriculture and corporate.

Formation of NCDB

NCDB was established on kartik 21, 2049. Its main aim is to support economical and social development of weaker section of the society by formulating plan, policies and programs etc. The board is managed by an executive committee of 25 members. It consist of following member

1. Minister of agriculture → chairman
2. Person appointed by the mister of agriculture → joint chairman
3. Chairman, national cooperative → member.
4. Governor of Nepal Rastra Bank → member
5. Secretary ministry of finance → member
6. Secretary ministry of supply → member
7. Secretary ministry of industry → member
8. Secretary ministry of agriculture → member
9. Secretary ministry of local development → member
10. Representative from national planning commission → member
11. Registrar of cooperative department → member
12. Any two chairmen elected among chairman of central cooperative association→ members
13. Any 5 person nominated by government from among cooperative (1 from each development region) → members
14. One from female cooperative worker → member
15. Any two expert → members
16. General Manager of agricultural development bank → member
17. Person nominated by Nepal’s government → member secretary

Functions of NCDB:

• To formulate plan and policies
• Promotion for development of cooperative societies
• Provide cooperation to government for policy formation
• To prepare and implement the development plans and policies
• To undertake research studies for the development of cooperatives
• To invest in cooperative society
• To provide necessary security if cooperative society demands for issuing debentures or obtaining loan from the bank and financial institution.
• To provide technical cooperative for the promotion and protection of cooperative society.
• To make agreement for joint investment with local and foreign investor