This article discusses the sixty-five years of Nepalese cooperative movement, current state, and its direction. Traditional cooperatives such as Guthi, Parm, Dharmabhakari, Dhikuri, and others had to wait until 1957 to join the contemporary cooperative movement. Nepal's cooperative movement has developed both quantitively and qualitatively on its sixty-five years of maturity. It is now commonly acknowledged that Nepal's cooperative movement has the potential to improve social economic disparities by lowering poverty and increasing employment opportunities. Because of its benefits and global appeal, the cooperative sector is vital. After the government and the private sector, it is described in the constitution as the third pillar of the economy and the largest sector. Cooperatives have long been seen as a tried and true method of achieving socialism. Cooperatives must be established to go from the working hand to the mouth, and they can help to bridge the divide between the rural and urban economies by bringing village produce to the city and urban capital to the village. It has the potential to help alleviate poverty, create job opportunities, and develop a more equitable economy. The cooperative movement in Nepal should be focused in this direction. From the first to the present sixteenth planned growth stage, the cooperative sector has been given significantly more significance, with a few exceptions. The other cooperative movement hasn't been able to fully realize its goals and values. As a result, all stakeholders must pay attention to qualitative development in order for cooperatives to become the economy's third pillar, as the constitution recognizes.