Nepal Socialist Party

Socialist Party of Nepal
नेपाल समाजवादी पार्टी
AbbreviationNSP
(नेसपा)
ChairmanMahindra Ray Yadav
General SecretaryRamesh Prasad Yadav
Joint Chairman
  • Govinda Prasad Chaudhary
Pratinidhi Sabha LeaderMahindra Ray Yadav
Founded24 July 2022
Registered182
Dissolved4 November 2025
Split fromPSP-N
Succeeded byNepali Communist Party
PraLoPa
HeadquartersTinkune ,subidhanagar, Kathmandu, Nepal
IdeologyDemocratic socialism
Factions
Madhesi rights
Janajati rights
Ethnic federalism
Political positionCenter-left
AllianceDemocratic Left Alliance
Colors 
Seats in Pratinidhi Sabha
2 / 275
Seats in Rastriya Sabha
0 / 59
Seats in Provincial Assemblies
4 / 550
Election symbol
Party flag
Website
https://nepalsamajwadiparty.org.np/


The Socialist Party of Nepal (Nepali: नेपाल समाजवादी पार्टी) was a democratic socialist political party in Nepal. It is led jointly by former prime minister Dr. Baburam Bhattarai and leaders of the Terai-Madhesh region Mahindra Ray Yadav and Ramesh Prasad Yadav. The party has announced merger with six other communist parties and groups to form Nepali Communist Party.

The party was formed after a split in the People's Socialist Party, Nepal, with some members citing the authoritarian and power-oriented nature of chairman Upendra Yadav as a factor.