Rs. 4,00,000/- (30 months Basic Pay+ Grade Pay or 10 times of the share money of the Borrower, subject to (Share Money + Compulsory Deposit of the Borrower) whichever be the less). Loan recoverable in 72 months.
Extra Ordinary Loan
Rs. 2,00,000/- (Pre-requesty To deposit 1% of Principle as EOL Insurance money). Loan recoverable in 30 months.
Rs. 2,00,000/- (Restricted to Share Money + Compulsory Deposit of the Borrower). Loan recoverable in 30 months.
Rate of Interest on Ordinary/Special Loan
7.8% per annum.
Rate of Interest on Extra Ordinary Loan
8% per annum.
Rate of interest on Compulsory Deposit
6% per annum.
Rate of Interest on Optional Deposit
5% per annum.
Dividend on shares
10% per annum (subject to earned profits).
Membership as on today
General Body Meeting scheduled once in a year and Managing Committee meeting scheduled every month.
Audit & Accounts
Annual Accounts are audited well within the time.
Current Financial Position as on 31.03.2017
Share Money - Rs. 7,43,55,000/-.
Compulsory Deposit - Rs.13,45,76,220/-
Option Deposit - Rs. 5,11,18,001/-
Loan to Members - Rs. 28,44,68,000/-