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29Kartik
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30Kartik
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1MangsirBrischik Sankranti/International Day for Tolerance 2 days remaning
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15MangsirBala Chaturdashi Vrata (Shatbij Chharne Din) 16 days remaning
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16MangsirWorld AIDS Day 17 days remaning
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17MangsirInternational Day for the Abolition of Slavery/Gadimaai Mela Starts 18 days remaning
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18MangsirInternational Day of Disabled Persons 19 days remaning
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20Mangsir
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21MangsirVivah Panchami/Shadananda Jayanti 22 days remaning
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22MangsirInternational Civil Aviation Day 23 days remaning
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23Mangsir
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24MangsirInternational Anti-corruption Day 25 days remaning
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25MangsirInternational Human Rights Day 26 days remaning
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26MangsirInternational Mountain Day/Mokshada Ekadashi/Gita Jayanti 27 days remaning
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27MangsirInternational Day of Neutrality 28 days remaning
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28MangsirPradosh Vrata 29 days remaning
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29MangsirPoornima Vrata/Dattatreya Jayanti 30 days remaning
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30Mangsir
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1PaushDhanu Sankranti 32 days remaning
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3PaushInternational Immigrants Day 34 days remaning
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7PaushRavisaptami Vrata 38 days remaning
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10PaushChristmas 41 days remaning
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11PaushSafala Ekadashi Vrata 42 days remaning
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13PaushShani Pradosh Vrata 44 days remaning
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15PaushTamu Lhosar/Sombare Aunshi/Kavi Siromani Lekhnath Jayanti 46 days remaning
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16PaushTol Lhosar 47 days remaning
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17PaushNew Year 2025/Topi Day/Poshak Day 48 days remaning
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21PaushGuru Gobinda Singh Jayanti 52 days remaning
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23PaushBhaumashtami Vrata/Gorakhkali Puja 54 days remaning
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24PaushNepal Astrology Council Establishment Day 55 days remaning
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26PaushPutrada Ekadashi Vrata 57 days remaning
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International day of cooperatives
Co-operatives for economic empowerment and gender equality in Nepal.
Cooperatives around the world are struggling with the adversities of Covid 19. Welcome to the International Day of Cooperatives, which is considered the basis of human-centered long-term development. Under the theme of "Rebuild better together", the International Day of cooperatives is being observed in 2021.
Mr. Dinesh Kafle is from Sunsari district of Nepal, he is a vegetable farmer and his investment is funded by a local co-operative. Without any collateral, the co-operative delivered him the loan which he pays every week in certain installments. His installment is his liability, his surplus is his saving and his revenue is his livelihood. Co-operative is a real sense of economic democracy, the democracy of accessing loans and paying in installments. Dinesh's life is change, he could access to loan and start his venture, he is self-employed and people like Dinesh are a crucial part of the cooperative movement.
Towards the end of the 19th century, Nepal's first cooperative model was introduced in the Terai villages of eastern Nepal under the leadership of Grameen Bikas Bank employees. In this regard, we discussed with Ms. Rukmini Acharya Pokhrel, the then leader of Grameen Bikas Bank, who worked for different branches of the bank. Rukmini now lives in Toronto, Canada, but her experience narrates the complete version of the cooperative movement and its initials in Nepal.
According to her, the access of rural people to financial services in Nepal was minimal. In this situation, the model of Gramin Bikas Bank proved to be a boon for increasing the access of rural women to financial services and providing loans without collaterals. These loans helped rural women to start and foster their businesses and not only empowered them but assisted in the comprehensive development of the entire region. In this way, loans were disbursed without collateral on the recommendation of the group by making a group of women in the villages and making them literate. There was a provision to pay weekly installments of loans taken for business, later the consumer committee and many cooperatives were established based on this model. A cooperative structure is very effective for developing countries. Thank you very much Rukmini ji, your contributions shall always be acknowledged.
Co-operative is a movement, a movement of participatory progress upon economic empowerment, and every year on July 4th, the world community commemorates this day. This day is the marking of the first Saturday of July since 1923.
Since 1923, the International Cooperative Organization has been celebrating Cooperative Day in July every year. The United Nations has also adopted the day since 1995. In Nepal too, in the last two decades, there has been a growing trend of taking loans in installments, forming groups at the community level, and doing business, including cooperative or microfinance and credit flow without any collaterals. From small businessmen to big corporations, they are involved in saving a certain amount of money and borrowing a large amount of money by paying small installments regularly. Cooperative refers to financial services or assistance provided to individuals or community groups who are financially marginalized, low-income, and do not have access or have less access to other financial services.
The purpose of co-operative is insurance for savings, borrowing, and risk reduction. Compared to other financial transactions, cooperative loans can be relatively expensive as loans have to be disbursed at the community level and mostly without collaterals. Despite this, many small farmers or small traders are a part of co-operatives as the service is simple, easy, and provided in the community.
The initial credit for cooperatives or so-called microfinance in Nepal goes to the Rural Development Bank of Eastern Nepal (Gramin Bikash Bank), which has been delivering cooperative facilities in Eastern Nepal since the mid-1990s. This bank first created a women group, made them literate, and empower them enough to aspire for a loan with a specific purpose of doing a certain business.
In Bangladesh, the financial services of this structure have been launched and were proven to be a milestone in economic upliftment. Bangladesh is considered a pioneer nation in establishing cooperative movements and later Nepal replicated the structure, as extensive assistance in community upliftment. There are many such cooperative services in South Asian countries like Nepal, Bangladesh, India, and Pakistan. Cooperatives have also proved to be a wonderful weapon for the upliftment and empowerment of women as women can get easy loans. Co-operatives are the catalyst for gender equality and economic empowerment. In the early days of Nepal's cooperative service, many cooperative operators were found to be cheating the public and misusing their savings. Now, Nepali cooperatives are becoming stronger and more transparent with the strict adherence to the deposit amount that is required to keep the cooperatives legally strong and open.
It is commendable that women's groups, local clubs, and other community groups have also developed as cooperatives, which are the basis of local development and economic companions of small entrepreneurs.
Nepal is a country of villages and the convoy of bullock carts, tractors, and bicycles that blow dust in the village guarantee development more than the raving cars running in the city.
The development of the village is the development of the country. The newly elected representatives of the local bodies should also help in maintaining transparency and good governance by promoting this structure of cooperatives at the local level. Happy Cooperative Day.
Suyog Dhakal
Upcomming Events
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29Kartik
-
30Kartik
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1MangsirBrischik Sankranti/International Day for Tolerance 2 days remaning
-
2MangsirInternational Student Day 3 days remaning
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4MangsirMangal Chauthi Vrata/World Toilet Day 5 days remaning
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5MangsirWorld Children's Day 6 days remaning
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6MangsirWorld Philosophy Day/World Television Day 7 days remaning
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8MangsirGorakhkali Puja 9 days remaning
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10MangsirInternational Day for the Elimination of Violence against Women 11 days remaning
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11MangsirUtpatika Ekadashi Vrata 12 days remaning
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13MangsirPradosh Vrata 14 days remaning
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15MangsirBala Chaturdashi Vrata (Shatbij Chharne Din) 16 days remaning
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16MangsirWorld AIDS Day 17 days remaning
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17MangsirInternational Day for the Abolition of Slavery/Gadimaai Mela Starts 18 days remaning
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18MangsirInternational Day of Disabled Persons 19 days remaning
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20Mangsir
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21MangsirVivah Panchami/Shadananda Jayanti 22 days remaning
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22MangsirInternational Civil Aviation Day 23 days remaning
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23Mangsir
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24MangsirInternational Anti-corruption Day 25 days remaning
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25MangsirInternational Human Rights Day 26 days remaning
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27MangsirInternational Day of Neutrality 28 days remaning
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28MangsirPradosh Vrata 29 days remaning
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29MangsirPoornima Vrata/Dattatreya Jayanti 30 days remaning
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1PaushDhanu Sankranti 32 days remaning
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3PaushInternational Immigrants Day 34 days remaning
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7PaushRavisaptami Vrata 38 days remaning
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8PaushGorakhkali Puja 39 days remaning
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10PaushChristmas 41 days remaning
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11PaushSafala Ekadashi Vrata 42 days remaning
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13PaushShani Pradosh Vrata 44 days remaning
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15PaushTamu Lhosar/Sombare Aunshi/Kavi Siromani Lekhnath Jayanti 46 days remaning
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16PaushTol Lhosar 47 days remaning
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17PaushNew Year 2025/Topi Day/Poshak Day 48 days remaning
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21PaushGuru Gobinda Singh Jayanti 52 days remaning
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23PaushBhaumashtami Vrata/Gorakhkali Puja 54 days remaning
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24PaushNepal Astrology Council Establishment Day 55 days remaning
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26PaushPutrada Ekadashi Vrata 57 days remaning
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-
Jyotish Mukunda Sharmaस्वाध्याय, सत्सङ्ग र सदाचारजस�...
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