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    Voluntary and Open Membership
    Democratic Member Control
  • kenburns3
    Member Economic Participation
    Autonomy and Independence
  • kenburns4
    Concerns for Community

Welcome to our official site

The Society was established in the 10 JUNE 1961 and has successfully completed 57 years of service to its members. The main object of the Society is to promote the Savings habit of the members and to grant loans to them for useful purposes with an ultimate aim of improving the living standard of the members. The Society continues to progress and offers to meet the expectations of the members, true to the Cooperative tradition and spirit. The Society is registered under the Maharashtra Cooperative Societies Act 1960 and Rules. 1961
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Highlights

Number OF Members

Number OF Members Is 471

Share Capital Authorised And Paid up

Authorised Share Capital - 4Cr

Paid up Share Capital - ₹ 3,48,71,300.00/-

Profit Realised

Profit Of The Year 2017-2018 Is ₹ 27,31,399.00/-

Investment

Total Investment Of The Year Is ₹ 58,200,100.00/-

Member Loan

Loan To Member In Financial Year is ₹ 4,14,00,299.00/-

  • BUSINESS PROCEDURES

    A member shall be eligible for four type of loans as follows:

    • Ordinary Loan ( short term loan maximum ₹ 150000/-)
    • Special loan ( long term loan maximum ₹ 250000/-)
    • Emergency Loan ( ₹ 20000/-)
    • Advance against fixed Deposits ( conclusion 2018)


  • Funds

    Funds shall be raised by all or any of the following ways:

    • Deposits form members
    • Monthly Subscription
    • Donations and Gifts
    • Share capital contribution and other forms of state aid, subject to the provisions of the Maharashtra Co-operative Societies Act 1960 and the Rules there under
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