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Roles of Cooperatives in Poverty Reduction: A Case of Nepal

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12/10/2013 - 09:40

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NASC Admin



Massive poverty exists in Nepal. Poverty reduction has been identified as an integrated development approach. In spite of huge potentialities, rural areas have weak domain of transferability. Weak domain of transferability can lead to persistent and chronic poverty. Therefore strategy of breaking vicious poverty cycle should be so designed that will support for a) quality asset, b) strengthen access and c) creates competitive transferability. Cooperative is a member based business with well defined norms and principles. Cooperative has been identified as a potential component of Nepalese three pillar economy. The paper incepts in the contribution of cooperative in poverty reduction. It was observed that cooperative and poverty reduction goes hand in hand. Cooperative can be effective institutional arrangement in breaking the vicious cycle of poverty in the rural socio-economic context. Under effective supervision, if cooperative can be well managed and strengthened; cooperative can potentially strengthen the domain of transferability of rural community and there forwards to contribute to sustainable reduction of poverty.