Accordingly, to begin within the month of February’2012 requisite material on
the subject was collected, a few good and through gentleman having social
devotion were associated and a team was prepared for farming the society titled
“THE MAHALAXMI CO-OPERATIVE URBAN THRIFT & CREDIT SOCIETY LTD.”.
as a first and foremost step-nearly 60 members were searched and enrolled from
various parts of N.C.T. of Delhi. At the outset a meager contribution was
flexible amount for becoming a member of the society say Share Money & Admission
Fee. The major portion of this contribution was representing the amount
refundable to the members concerned.
of director was set up and through a resolution passed unanimously the
undersigned was elected “CHIEF PROMOTOR” of the society. There after Bye-Laws
often society was framed after a detailed deliberation. Accordingly a proposal
was prepared and submitted the office of the Registrar cooperative society with
a view getting the society Registered. After a vigorous following it became
possible. And the society was issued with a Registration Certificate bearing
No.10318/NE/TC/2012 dated 18/09/2012. The society worked started from
== Currently Society is being operated from A-127, Main Road, Infront of
Ram Naresh Singh Public School, Mahalaxmi Enclave, Karawal Nagar, Delhi-110094.
== The Society disburses five type of loans its members viz Ordinary
Loan, Emergency Loan, Vehicle Loan, Loan against Deposits and Loan against
== The Society takes deposits in way of Fixed Deposit, Money Multiplier
Deposit Scheme (MMDS), Recurring Deposit, Compulsory Deposit, Optional Deposit
and Daily Saving Scheme (MSSS).