National Cooperative Development Board (NCDB)

National Cooperative Development Board (NCDB)

introduction

National Cooperative Development Board (NCDB) was established by NCDB act of 2049 BS in 21st Katrik 2049 BS. It has its own separate legal entity or status, own legal existence. The main objectives of establishment of NCDB is to oversees the activities of all cooperative organizations to provide financial and technical support. Without development of cooperative, government cannot develop their social and economic status. With financial and technical support of cooperative, people's economic and social status slowly increase.
The main objectives is to mobilize local resources through cooperative organization. This board provide so many facilities for the expansion of cooperative organization which are established under cooperative act 2048 BS.
It is the mother organization of cooperative organization because it support in growth and expansion of all cooperative organization. It doesn't have any branch, it is only one in a nation.

Formation
NCDB is formed under the chairmanship of minister of Agriculture and Cooperative. In this board, 25 persons are required to formulate, they are called executive committee. They are:
Government of Nepal
Governor of Nepal Rastriya Bank
Secretaries of various ministries
Representative of National planning commission
Registrar of cooperative department and other members associated with cooperative organization.

Functions
The functions of NCDB are as follows:

Formulation of plan and policies
NCDB formulate necessary plan and policies for promotion and development of cooperative society in Nepal. It recommends such policies for implementation to government.

Support to Nepal government
NCDB provide support to Nepal government to formulate plan and policies in education, health, irrigation for the development of cooperative movement.

Conduct necessary study and research
NCDB conducts necessary study and research for the development of cooperative society. It also conducts necessary study and research about cooperative movement, development, changes, status, etc.

Provide financial and technical assistance
If necessary, NCDB provides financial and technical support to the small cooperative for the development of cooperative organization. It provides loan facility to the cooperative society. It also conducts training, workshop and seminar to cooperative society.

Invest in cooperative organization
For the development of cooperative organization, if necessary it also purchase shares, participate in management activities in cooperative organization.

Provide Guarantee for securities
Sometime, NCDB's financial support may not be sufficient for the development of cooperative, cooperative organization should take loan from any financial institution at that time. NCDB provide guarantee for securities to financial institution.

Make agreements
NCDB make agreements with national and international organization for joint ventures for industrial development in cooperative sector.

Maintain coordination
NCDB coordinate between cooperative organization to government, non-government and foreign organization for the development of cooperative organizations.