People's Socialist Party (Nepal, 2024)

People's Socialist Party
जनता समाजवादी पार्टी
AbbreviationPSP
ChairpersonAshok Rai
Joint chairpersonRenu Kumari Yadav
General secretaryMohammad Ishtiyaq Rayi
Founded5 May 2024 (2024-05-05)
Split fromPSP-N
HeadquartersGwarko, Lalitpur
IdeologySocialism
Federalism
Political positionCentre-left to left-wing
Colours 
ECN StatusProvincial Party
Seats in Pratinidhi Sabha
0 / 275
Seats in Rastriya Sabha
0 / 59
Seats in Provincial Assemblies
3 / 550
Chief Ministers
0 / 7
Mayors/Chairs
5 / 753
Councillors
500 / 35,011
Number of provinces in government
2 / 7
Election symbol
Party flag
Website
peoplesocialist.org

The People's Socialist Party (abbr. PSP; Nepali: जनता समाजवादी पार्टी), also known as Janata Samajbadi Party is the seventh-largest political party in Nepal. The party was formed after split in the People's Socialist Party, Nepal led by party federal council chairman Ashok Rai, supported by majority federal MPs from the PSP-N.

The party has forged alliance with Resham Lal Chaudhary formed Nagrik Unmukti Party, Nepal and Rajendra Mahato led Rastriya Mukti Party Nepal to contest election on common election symbol "janto". With 7 out of 275 seats in the lower house House of Representative, the party remained as the sixth largest political party in the Federal Parliament.