- Since it is desirable to establish a National Cooperative Development Board and make arrangements for its operations in order to improve the economic and social level of the low-level people through mutual cooperation and cooperation, and to help in the promotion and development of various types of cooperative organizations and associations, Shri 5th Maharajadhiraj In the twenty-first year of the reign of Birendra Bir Bikram Shahdev, the Parliament made this Act.