Nepal Launches Online Software System for Registration and Record-Keeping of Savings and Credit Cooperatives

The National Cooperative Regulatory Authority (NCRA) has officially launched a new online software system designed for the registration and digital record-keeping of cooperatives engaged primarily in savings and credit activities. The system was unveiled on Wednesday during a public event, marking a major shift toward automated and paperless cooperative administration in Nepal.

With the introduction of this new digital platform, cooperatives will no longer be required to present their directors or management representatives physically at the authority’s office for registration or record updates. Instead, all documentation and registration processes can now be completed fully online, making the procedure faster, more transparent and more efficient.

The government established the National Cooperative Regulatory Authority on 30 January 2025 (14 Magh 2081) to ensure effective regulation, supervision and monitoring of savings- and credit-focused cooperatives across the country. The formation of the authority followed increasing concerns about mismanagement, financial irregularities and governance challenges in the cooperative sector.

According to the NCRA, the new software-based system will enhance the country’s ability to maintain accurate and centralized cooperative records. It will also allow regulators to monitor key financial indicators, operational status, membership data and risk factors in real time, strengthening oversight capabilities.

The digital system is expected to reduce delays, eliminate paperwork, minimize repeated physical visits and improve overall service delivery for cooperatives nationwide. By shifting to an integrated central database, the authority aims to promote greater transparency, accountability and financial discipline within the cooperative sector.

Officials noted that the reform aligns with the government’s broader digital governance agenda, aimed at modernizing regulatory institutions and increasing trust in Nepal’s cooperative ecosystem.