The Rajarshi Shahu College Employees Credit Co-Op. Credit Society Ltd., Latur

REG.NO : OMS/LTR/BNK.450.DT.14.10.1976

Email : rsmlsociety@gmail.com

The Rajarshi Shahu College Employees Credit Co-Op. Credit Society Ltd. Laturwas established on 14-10-1976 with registration number OSM/LTR/BNK/459-76. The total number of members are 194 and having total shares of amount Rs. 1,42,67,402/- & the total deposited amount is of Rs. 14,66,54,978/-. During year 2020-21 our society stood in ‘A’ Grade by Auditor.

The society provides loan up to maximum of Rs. 25,00,000/- with 10.00% interest and yearly it provides Rs. 25,000/- in emergency case. Society also provides scholarship to the needy students of the college. The society also reimburses the annual dividend once in a year.

The society is self-dependent since from 2015,as society had not taken any cc from The Latur District Central Co-op Bank Ltd. Latur. The Rajarshi Shahu College Employees Credit Co-Op. Credit Society Ltd. Latur is fully computerized and has no dues from any society member. Our society is well known credit cooperative society in the Marathwada Region.This society is audited by CA regularly and it is in A Grade position since from establishment.