About Us

Co-operative societies are an autonomous association of persons united voluntary to meet their Common, Economic, Social and Cultural needs and aspirations through jointly owned and democratically-controlled enterprises. The feeling of brotherhood and a tendency to work together has grown among the members of these societies. Moreover, a sense of real democracy is communicated among the people. The fundamental objective of a Cooperative Society is to promote self-help and mutual help and to uplift financial viability of weaker section. The primary motto of a thrift and credit Cooperative Society is to refine the economic condition of its members.

Membership

Any person competent in all respect and residing in the area of NCT, Delhi can become member of the society. Such interested Person may apply for membership on the prescribed Application Form available in the office of the society having age of 18 years through an introducer. Introducer should be a member of the society with clean record. The application form must be filled in and signed without any overwriting and cuttings/corrections. The applicant must be submitted the following document for obtaining the membership of the society.

Fixed Deposit

A term deposit is a fixed term or Recurring Deposit deposit held at a Society. They are basically short-term deposits with maturities which range anywhere from a month to a few years. The deposits are locked-in for a specific time period during which the Society give loans to their members which can offer higher returns.These are an extremely secure investment and are therefore appealing to members who do not wish to take a lot of risks.

Loan

Members can access various types of loans, including Regular loans, Emergency loans, or Loans against Property / Deposits. The application process is usually more flexible than traditional banks, with decisions often based on relationship and mutual trust rather than solely on credit scores. This community-oriented approach fosters financial inclusion and supports members in achieving their goals while promoting collective economic growth. However, it's essential for borrowers to understand the terms and conditions, as well as their responsibilities, to ensure sustainable borrowing.