Cooperative Societies Proclamation No. 985/2016

The proclamation applies to cooperative societies established in the country. It has several objectives, ranging from collective solving of members' social and economic problems to promotion of self-reliance and saving culture, and to providing loans to members and promotion of investment. The proclamation expressly states that membership shall be voluntary, without recourse to any discriminatory bias. It highlights other guiding principles, values, formation and registration procedures, and other key pointers.