Owned by its members
Every member holds a share in the society. The people who deposit and borrow are the people who own it.
A multi-state co-operative credit society
The society
A credit society owned and governed by the people it serves. Members place deposits, members borrow, and members elect the board that decides how both are run.
What a co-operative society is
A company answers to its shareholders. A co-operative answers to its members, and here the members and the customers are the same people. That single fact changes who the surplus belongs to and who decides what happens next.
One member, one vote
Voting weight sits with the person rather than the shareholding, so a large balance carries the same voice as a small one.
Governed under statute
Registered as a multi-state co-operative society, which sets how the board is elected, how accounts are audited and how members are protected.
How the society is governed
Authority runs upward from the membership. Every level below the general body answers to the one above it, and the whole structure answers to the Central Registrar.
01
The members
Each member holds a share and a single vote, whatever the size of their balance.
02
The general body
The members meeting together. It approves the accounts, elects the board and amends the bye-laws.
03
The board
Elected from the membership. It sets policy, approves lending limits and answers to the general body.
04
Day to day
Officers appointed by the board, working inside the bye-laws and the policies the members approved.
Registered under the Multi-State Co-operative Societies Act and supervised by the Central Registrar of Co-operative Societies, Ministry of Co-operation, Government of India. Registration details are published on the entities and licences page.
What members can do
Two things, both available to members alone, and both governed by the bye-laws the members themselves approved.
Place a deposit
Savings, recurring and term deposits, on terms set by the board and published to the membership. Interest is credited as the bye-laws provide.
Member depositsBorrow from the society
Personal, business and asset backed credit for members, assessed against the member's standing and the society's published lending policy.
Member creditHow to join
Membership happens through the society, in person or over the phone. This website carries information about it and nothing more.
Ask for a callback
Leave your name and number and someone from the society calls you back. No forms, no application on this site.
Complete the application
The society's own membership form, with the documents the bye-laws require, handled by a person.
Board admits the member
Admission is a decision of the board under the bye-laws. Once admitted, you hold a share and a vote.
Speak to the society
Leave your name and number and someone calls you back. Membership questions, deposit terms and credit enquiries all go the same way.
Request a callback