Objectives

Objectives:

The objects for which the society is established are:-

1. To encourage thrift among its members by affording them an opportunity or accumulating their savings.
2. To create a source of funds at a fair and reasonable rate of interest.
3. To provide an opportunity for each of its members to improve the members respective economic and social conditions.
4. To provide members with credit for purposes of providence or production or both.
5. To offer to the members’ complementary savings and credit services and other financial products as may be required by the members from time to time.
6. To ensure safety and soundness of the member funds through a Risk Management Programme or appropriate insurance coverage.
7. To ensure the progress of its members by educating them continuously on the proper use of credit.
8. To perform the function and exercise the powers designated for savings and credit co-operative societies under the applicable law for the benefit of the members