After the creation of Muzaffarpur Module, It was falt by a few dynamic members to start a Co-Operative and they did with a small investment of Rs. 5300/-. The Society has developed multiple times. This is evident from the financial highlights. the Society was started for muzaffarpur district(old) & now extended to Chapra, Siwan, Gopalganj, Sitamarhi, Sheohar, Samastipur & Vaishali.
Aims & Object:
To meet the Credit needs of the members, to encourage thrift by small savings.
Joining hands means collective efforts which creates money the money bag which creates all credits happiness to the members & progress symbol.
A Member has to subscribe minimum Rs. 200/- per month untilhe cases to be the members. The Society pay 6% per annum interest which is created to indiviual accounts of the members. This accounts is payable to the members or nomiee after withdrawal from membership.
A Member has to contribute Rs. 200/- per month to the fund, After the death of the member, Rs. 2,00,000/- (Rupees Two Lac only) is paid to the nominee of the members. Otherwise the full contributed amount is paid to the members after withdrawal from membership.
Loan Amount: