Financial Solutions Tailored for Your Needs
Our society offers a range of financial products to support your goals:
- Loan Facility: Access loans up to ₹10 Lakhs at a competitive interest rate of 7% p.a.
- Emergency Loan: Immediate funds up to ₹25,000 at 10% interest.
- Recurring Deposit (RD): Secure savings with a 6.25% p.a. interest rate.
- Fixed Deposit (FD): Enjoy a reliable 6.5% p.a. return on fixed deposits.
- Compulsory Deposit: Monthly savings of ₹2,000, with a nominal ₹50 deduction for society welfare, helping you build a secure future.
What is a Co-operative Society?
A Co-operative Society is a voluntary association of people who come together and invest their small savings to form an organization aimed at mutual benefit. It is formed with the primary objective of promoting the economic interests of its members. By pooling their resources, members can create a collective entity that works towards their common goals, providing them with greater bargaining power, access to resources, and the ability to achieve economies of scale.
- Voluntary Association: People join freely to pursue a common goal.
- Mutual Benefit: Formed to benefit all members economically and socially.
- Small Savings: Members invest their small savings to form the organization.
- Common Cause: Aimed at achieving a shared economic objective.
- Support and Collaboration: Members support each other to achieve better results collectively.
- Agricultural Co-operatives: Farmers join to improve their bargaining power for buying raw materials and selling their produce.
- Consumer Co-operatives: Consumers form societies to purchase goods in bulk at lower prices.
- Housing Co-operatives: Individuals come together to provide affordable housing for members.
- Minimum Members: At least 10 members are required to start a co-operative society.
- No Upper Limit: There is no upper limit to the number of members.
Empowering Financial Growth for PTCUL/UPCL/UJVNL Employees
Welcome, we are a dedicated organization committed to promoting the economic and social well-being of our members. Our society is built on the principles of mutual support, collaboration, and democratic decision-making, ensuring that every member's voice is heard and valued.
Our Vision
To empower our members through financial stability and growth by providing affordable and accessible financial services.
Our Mission
- Promote Savings: Encourage members to save regularly and systematically.
- Provide Financial Support: Offer loans and other financial products at competitive rates to meet the diverse needs of our members.
- Enhance Economic Well-being: Support our members in achieving their financial goals and improving their overall quality of life.
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