Section 6
Functions, Duties And Powers Of Board
6. Functions, duties and powers of Board:
The functions, duties and power of the Board shall be as follows:
(a) To formulate policies required for the promotion and development of cooperative associations and unions through cooperative at the
national level and recommend the same to Government of Nepal for their implementation.
(b) To render necessary assistance to Government of Nepal in the formulation of policies on the development of cooperatives and development plans pertaining thereto, and implement, or cause to be implemented, such policies.
(c) To do, or cause to be done, necessary study and research works on the development of cooperatives.
(d) To set up a cooperative development fund with a view to providing loans or grants to cooperative associations and unions in an easily accessible manner and to provide, or cause to be provided, out of the fund, necessary capital to cooperative associations and unions for the operation of development-oriented works.
(e) To invest in the shares of cooperative associations and unions or cooperative banks.
(f) If any cooperative associations or unions seek assistance of the Board in borrowing loans from any native banks or other bodies or issuing debentures, to provide guarantee, as required.
(g) To provide, or cause to be provided, technical assistance to make necessary arrangements on the operation of programs related with
the development of cooperative associations and unions and promote and protect the cooperative associations and unions.
(h) To establish harmony among various bodies of Government of Nepal, cooperative associations and unions and various non- governmental organizations, and render coordinative support to make such associations or organizations more encouraged in professional programs.
(i) To have agreements concluded between Government of Nepal and native and foreign investors, associations, companies and corporations for industrial development in the cooperative sector.
(j) To carry out, or caused to be carried, other necessary functions related with the development of cooperative.
The functions, duties and power of the Board shall be as follows:
(a) To formulate policies required for the promotion and development of cooperative associations and unions through cooperative at the
national level and recommend the same to Government of Nepal for their implementation.
(b) To render necessary assistance to Government of Nepal in the formulation of policies on the development of cooperatives and development plans pertaining thereto, and implement, or cause to be implemented, such policies.
(c) To do, or cause to be done, necessary study and research works on the development of cooperatives.
(d) To set up a cooperative development fund with a view to providing loans or grants to cooperative associations and unions in an easily accessible manner and to provide, or cause to be provided, out of the fund, necessary capital to cooperative associations and unions for the operation of development-oriented works.
(e) To invest in the shares of cooperative associations and unions or cooperative banks.
(f) If any cooperative associations or unions seek assistance of the Board in borrowing loans from any native banks or other bodies or issuing debentures, to provide guarantee, as required.
(g) To provide, or cause to be provided, technical assistance to make necessary arrangements on the operation of programs related with
the development of cooperative associations and unions and promote and protect the cooperative associations and unions.
(h) To establish harmony among various bodies of Government of Nepal, cooperative associations and unions and various non- governmental organizations, and render coordinative support to make such associations or organizations more encouraged in professional programs.
(i) To have agreements concluded between Government of Nepal and native and foreign investors, associations, companies and corporations for industrial development in the cooperative sector.
(j) To carry out, or caused to be carried, other necessary functions related with the development of cooperative.