DISTRICT MUZAFFARNAGAR

ASSISTANT REGISTRAR, CO-OPERATIVE

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CO-OPERATIVE MOVEMENT IN MUZAFFARNAGAR

The co-operative movement in Muzaffarnagar is one of the best movement in U.P. All the co-operative societies are autonomous bodies and registered under U.P. Co-operative Societies Act. There are three type of societies viz. Apex, Central & Primary. All the societies are auditable and the audit is done by the Co operative Audit Department. In the district head of the co operative department is Assistant Registrar Co-operative Societies whose office is on the 3rd floor of Vikas Bhawan and the phone Number is 3095617. To assist him there are A.D.C.O's at the Tehsil level and A.D.O.'s at Block level.

In the district there are two institution of Apex level. There Head office is at Lucknow. P.C.F. having one branch and L.D.B. having 07 branches. This way Apex institution has a two tear system. There are three central societies. D.C.B. having 39 branches, D.C.D.F and Central Consumer Store. All the Central societies have their Head office at Muzaffarnagar. In the category of Primary society there are 96 PACS, 26 cooperative unions, 4 marketing societies, 21 farming societies, 70 salary earners co-operative societies, 3 urban co-operative banks, 7 labour contract societies, 27 consumer stores and 57 other different type of societies. Total number of primary societies is 311. Out of these primary societies 124 societies are defunct because of various reasons whose revival/liquidation/Registration cancellation process is in progress. Head office of every such society is within its prescribed area of operation within the district.

All the societies are headed by the president who is elected by the directors of that particular society and each director is elected by members/delegates of a particular, constituency. All the directors of a society constitute Board of directors i.e. called the committee of management. The whole election process is by secret ballot. This way the structure of the co-operative societies is purely on the democratic pattern. The supreme power of each society vest in its Annual General Body. The term of the committee of management is 5 years and the delegate is elected for a term till than the new delegate is not elected. Each member has right of vote and each member gets dividend upto 20% on the shares which he has purchased from the society of which he is a member. Dividend is also declared on the share of the Government. Chief Executive of every co-operative society is its Secretary/Managing Director.

The main principles of the co-operative are open & voluntary membership, democratic member control. Financial Participation of the member. The main object of the co-operative movement is to abolish the mediators and all round upliftment of its members. Prince control and increase of agriculture production.

DISTRICT CO-OPERATIVE BANK LTD., MUZAFFARNAGAR (D.C.B.)

D.C.B. is one of the oldest central co-operative Bank in U.P. It was registered in the year 1927 with registration number 25. Its head office is at Court Road, Muzaffarnagar. The Chief Executive of the Bank is Secretary/General Manager. Phone number are 2400748/2403684 and 2420874. This Central society is performing banking business by virtue of banking license from Reserve Bank of India. There is no difference between a cooperative Bank and Commercial Bank as regards working and other features. D.C.B. is providing all sorts of banking facilities. This bank has locker facility in almost in its 39 branches which are located in various rural and urban areas of the district.

The main function of the bank is to collect various types of deposits on a hire rate of interest than commercial banks. Bank provides various types of loans to the members of the societies through member societies. D.C.B. is financing loan to 14 co-operative cane unions viz. Rohana, shamli, Khatauli, Ramraj, Budhana, Mansoorpur, Sakoti, Ramala, Muzaffarnagar, Deoband, Nanauta, Morna, Thanabhawan and UN. The sanctioned limit is Rs. 6183.00 lacs. Besides it bank is providing sugar finance to 5 sugar factories viz. The Ganga Kisan Chini Mill, Morna, Bagpat Co-operative Sugar Mill, Ramala Sugar Mill, M/s. Tikola Sugar Mills, M/s Mansoorpur Sugar Mills for proposed for existing season is 93.00 crores. Apart from it bank is financing various diversified schemes.

Main features of the bank as on 31.03.2005 are :-----

 

Paid up share capital

654.70

lacs

Reserves

6655.34

lacs

Owned Capital

7310.04

lacs

Deposits

34568.82

lacs

Borrowings

2734.51

lacs

Other Liabilities

856.38

lacs

Profit of the year (2004-2005)

584.61

lacs

Working Capital

46054.36

lacs

Gross Income

3165.50

lacs

Cost of Management

627.34

lacs

Investments

27063.90

lacs

 

PERCENTAGE ANALYSIS:

 

 

(A) Owned Capital

 

 

1. % of Share Capital

8.96

lacs

2. % of Reserves

91.04

lacs

(B) Working Capital

 

 

1.% of owned capital

15.87

lacs

2. % of deposit

75.06

lacs

3, % of borrowings

5.94

lacs

4. % of profits

1.27

lacs

5.% of other

1.86

lacs

(C) Cost of Management:

 

 

1.% to gross income

19.82

lacs

2.% to working capital

1.36

lacs

(D) Lending outstanding:

 

 

1. % of borrowings

18.85

lacs

2.% of owned resources

81.15

lacs

3. % of agriculture loan recovery

 

 

(30.6.2005)

95.27

lacs

4. % of other loan recovery (30.6.2005)

99.55

lacs

5. No. of branches

39

 

6. Branches in loss

03

 

7. Audit Classification A

A

 

 

Management Committee of Distt. Coop. Bank Ltd.

 

1.

Shri Babu Ram Rathi

S/o Shri Balbeer Singh

499, Kambal Wala Bagh,

Muzaffarnagar.

9.

 

Shri Ratan Lal Jain

S/o Shri Ghasi Ram Jain

2.

Shri Sompal Singh

S/o Shri Sutech Singh

Village-Biralsi, Post – Khas

Muzaffarnagar.

10.

Shri Vinod Jain

S/o Shri Prem Chand

11-Prempuri,

Muzaffarnagar

3.

Shri Ashok Kumar

S/o Shri Ved Pal Singh

Village-Nagla Kabeer,

Post-Khas

Muzaffarnagar

11.

Shri Sombeer

S/o Shri Harbans

Village-Dhakauri Jamalpur, Khas

Muzaffarnagar

4.

Shri Ilam Singh

S/o Shri Pitam Singh

Vill. Tejal Hera, Post-Khas

Muzaffarnagar

12.

Smt. Sangeeta

W/o Shri Gopal Singh

Vill. Kaniyan, Post –Khas

Muzaffarnagar

5.

Shri Gurulal Singh

S/o Shri Dilip Singh

V.- Yusufpur Chotra, Post- Jhinjhana

Muzaffarnagar

13.

Shri Vedpal Singh

S/o Shri Hoshiyara

274, Brahampuri,

Muzaffarnagar.

6.

Shri Pawan Singh Tarrar

S/o Shri Omprakash

VPO – Silawar

Muzaffarnagar

14.

Shri Lalit Kumar

S/o Shri Rakam Singh

Vill- Sisona, Post-Khas,

Muzaffarnagar

7.

Shri Yashpal Singh

S/o Shri Mahendra Singh

Village-Barwala, Post-Khas

Muzaffarnagar

15.

Zila Sahayak Nibandak

Sahakari Samiti U.P.

Muzaffarnagar

CHART SHOWING LOCATION OF BRANCHES:

Sl.No.

Branch Name

Branch Tel. No.

Branch Manager

Tele No. (Res.)

Mobile No.

     1.      

Alipur Aterna

951392-234159

Sh. P.L. Upadhayay

 

941206604

     2.      

Baghra

2486459

Sh. Sunil Kr.Goel

2600624

 

     3.      

Barla

2487540

Sh. Deepak Sharma

 

9897540822

     4.      

Basera

2483627

Sh. Sanjay Kumar

2600821

9897620821

     5.      

Bhopa

951396-265720

Sh. Mahavir Singh

2441868

 

     6.      

Budhana

951392-23281

Sh. Yogesh Kumar

 

9837592177

     7.      

Charthawal

2482242

sh. Premshankar Pal

 

9412507235

     8.      

Incholi

951396-282221

Sh. V.S. Verma

951396-271126

 

     9.      

Jalalabad

951398-233294

Kr. Prahlad Singh

951398-234294

 

   10.     

Jansath

951396-234141

Sh. Kalyan Singh

2660335

 

   11.     

Jhinjhana

951398-244028

Sh. Narendra Kumar

951396-275785

 

   12.     

Kairana

951398-266324

Sh. Rajeev Verma

 

 

   13.     

Kandhala

951392-222602

Sh. Kushal Pal Singh

951398-253345

 

   14.     

Khatauli Main

951396-272359

Sh. N.K. Seth

 

9837245855

   15.     

Mansurpur

951396-252239

Sh. Payrey Lal

2404706

9837762636

   16.     

Meerapur

951396-243026

Sh. Ilyas Ahmad

951342-251354

9411050429

   17.     

Morna

951396-222236

Sh. Sahab Singh

2652515

 

   18.     

City Br. MZN

2409183

Sh. Ashok Kr. Sharma

2412815

9837117979

   19.     

Mandi Ashtal, MZN

2451276

Sh. Surendra Singh

2620872

9319268898

   20.     

Main Br., MZN

2420966

Smt. Sneh Lata

2420804

 

   21.     

Nai Mandi, MZN

2608050

Sh. Ram Kumar Singh

 

9412665452

   22.     

Prempuri, MZN

2403912

Sh. Tejpal Singh

2407770

 

   23.     

Rampuram, MZN

2432184

Sh. Chaman Singh

2430175

9837150461

   24.     

Pamnawali

951396-283401

Sh. Ramesh Chandra

 

 

   25.     

Phugana

951392-262305

Sh. Ajay Kumar

 

9412240613

   26.     

Purkaji

2470439

Sh. Manohar Lal Agarwal

2432115

9897043115

   27.     

Rohana

2485636

Sh. Rambir Singh

2644788

 

   28.     

Shahpur

951392-255112

Sh. Ram Laretty

 

9897980167

   29.     

Shamli Main

951398-250133

Sh. Shiv Kumar

 

9412553847

   30.     

Shamli Mandi A

951398-253135

Sh. Satendra Kumar

01744-228045

 

   31.     

Sisauli

951392-266464

Sh. Kamta Prasad

951398-257298

9412311967

   32.     

Thanabhawan

951398-233240

Sh. Sanjay Kumar

 

9412841603

9412112324

   33.     

Un

951398-247163

Sh. Bhanwar Singh

951398-253963

 

   34.     

Nawla

951396-285685

Sh. Bhanu Pratap Singh

 

9897017135

   35.     

Morna Mill (c)

951396-222119

Sh. Jagpal Singh

2408217

 

   36.     

Khatauli (Eve)

951396-274048

Sh. R.K. Sehgal

951396-272243

9837139943

   37.     

Shiv Chowk (C)

2433269

Sh. Veerpal Singh

2430175

 

   38.     

Tejalhera

2483949

Sh. Himanshu Srivastava

 

9412423228

   39.     

Sohanjani

951396-286403

Sh. Harbir Singh

951396-286188

 

DISTRICT CO-OPERATIVBE DEVELOPMENT FEDERATION LTD. (D.C.D.F.)

        D.C.D.F. was registered in the year 1943 with registration number 279 as a Central Society. Its office is in the Zila Parishad Market on a rented building. 

This society is doing fertilizer ware housing & transportation to various sale points, running Indane Gas Agency in the name of COPFED, having a cold storage of 2000 MT capacity at Meerut Road Near Soojru Chungi, Printing Press with OFFSET machine at Zila Parishad market, Consumer Shop at Gole Market, Muzaffarnagar. IN the Cold Store, storage is done only of Potato. The rates of storage are less than all the cold stores in the district. The annual turn over is 2.00 crore and the institution is running in huge profit.

PROVINCIAL CO-OPERATIVE FEDERATION LTD. (P.C.F.)

        P.C.F. is an apex society having its branch at Circular Road, Muzaffarnagar on its own building with adequate capacity of Buffer Godown. Phone Number is 2409437 and incharge of the office is district manager. The main function of P.C.F. is were housing of various brands of fertilizer seeds, supply of fertilizer, seeds, pesticides & insecticides to various sale points situated in various rural and urban areas of the district. Apart from it PCF does wheat & paddy purchase through various primary co-operative societies under procurement scheme. Sugar transportation to various districts. Where PCF is doing sugar handling business from nearby sugar factories.

U.P. SAHKARI GRAMYA VIKAS BANK LTD. (L.D.B.)

        This bank is an apex society working as a bank for the distribution of long term loan having its head office at Lucknow. There are 07 branches of this bank in the district viz, at Muzaffarnagar (Moti Mahal) Jansath, Khatauli, Budhana, Charthawal, Shamli & Zhinzhana. The chart showing scheme, loan limit etc. is as under:

S.No.

Name of the Scheme

Loan Limit

Rate of Interest

Land Limit to be Hypothecated

1.

Minor Irrigation

A- Only for Engine

16000

11%

Minimum 0.5 Acre.

B- Boring & Pump Set

24000

11%

Minimum 0.75 Acre.

2.

Dunlop Cart

14000

11%

Minimum 0.5 Acre.

3.

Tractor

500000

1%

Min. 4.00 Acre (Land amounting double value of Loan)

4.

Dairy

A-

2 Buffalo + Tinshad

28000 to 35000

11%

Land amounting double value of Loan

B-

4 Buffalo + Tinshad

60000 to 72000

12.5%

Min. 2.00 Acre (Land amounting double value of Loan)

C-

20 Buffalo + Tinshad

upto 300000

13%

Min. 4.00 Acre (Land amounting double value of Loan)

5.

Non Agriculture Sector

20000 to 150000

11%

Min. 0.5 Acre (Land amounting double value of Loan)

6.

Tata 207, Jeep- Mini, Truck, etc. SRTC

upto 500000

11% to 13%

As per Bank rules.

PRIMARY AGRICULTURE CO-OPERATIVE SOCIETIES (PACS)

        The main object of such type of societies is distribution of crop loan in cash & kind (Fertilizer, other agriculture inputs and consumer goods) collection of deposit through mini banks. In the district 94 PACs are functioning in 14 blocks and 5 Tehsils (there location is given under) having 311222 members. About 49%  of the total sale of fertilizer in the district is through co-operative societies. Total number of mini banks in the district is 45. Scale of finance for short term loan to its members is Rs. 4100 in component 'A' and 4100 in component 'B' per acre. The maximum borrowing limit of a member is Rs. 60,000/- out of which Rs. 30,000/- as 'A' and Rs. 30,000/- as 'B' Above this limit a member may borrow with the prior approval of the Registrar Co-operative societies, Rate of interests is as follows:

 

Lac

Upto Rs. 50000

Above Rs. 50000/-

General Member

11.5 %

12%

S.T. Developers

10.0 %

10.5%

Location of Different Pacs

S.No.

Name of Society

Tehsil

Block

Head Quarter (Location)

1.         

SSS/FSS M.NAGAR (EAST)

SADAR

SADAR

M.NAGAR, BHOPA ROAD

2.         

SSS/FSS MUZAFFARNAGAR (WEST)

SADAR

SADAR

M.NAGAR, BHOPA ROAD

3.         

SSS/FSS  RAI

SADAR

SADAR

RAI

4.         

SSS/FSS BADHERI

SADAR

SADAR

BADHERI

5.         

SSS/FSS JATH MUJHERA

SADAR

SADAR

JATH MUJHERA

6.         

SSS/FSS CHARTHAWAL

SADAR

CHARTHAWAL

CHARTHAWAL

7.         

SSS/FSS BAHERI

SADAR

CHARTHAWAL

BAHERI

8.         

SSS/FSS BIRALSI

SADAR

CHARTHAWAL

BIRALSI

9.         

DOODHLI

SADAR

CHARTHAWAL

DOODHLI

10.      

PURKAZI

SADAR

PURKAZI

PURKAZI

11.      

CHHAPAR

SADAR

PURKAZI

CHHAPAR

12.      

BASERA

SADAR

PURKAZI

BASERA

13.      

TUGLAKPUR

SADAR

PURKAZI

KHAIKHERI

14.      

SHERPUR

SADAR

PURKAZI

SHERPUR

15.      

BAGHRA

SADAR

BAGHRA

BAGHRA

16.      

PINNA

SADAR

BAGHRA

PINNA

17.      

TAWLI

SADAR

BAGHRA

TAWLI

18.      

JASOI

SADAR

BAGHRA

JASOI

19.      

KUTBI

SADAR

BAGHRA

KUTBI

20.      

SOHANJNI

SADAR

BAGHRA

SOHANJNI

21.      

LALUKHERI

SADAR

BAGHRA

LALUKHERI

22.      

MORNA

JANSATH

MORNA

MORNA

23.      

BHOPA

JANSATH

MORNA

BHOPA

24.      

KAKROLI

JANSATH

MORNA

KAKROLI

25.      

SEEKRI

JANSATH

MORNA

SIKANDARPUR

26.      

JANSATH

JANSATH

JANSATH

JANSATH

27.      

KASAMPUR KHOLA

JANSATH

JANSATH

KASAMPUR KHOLA

28.      

KUTUBPUR

JANSATH

JANSATH

KUTUBPUR

29.      

TISANG

JANSATH

JANSATH

TISANG

30.      

BHUMMA

JANSATH

JANSATH

BHUMMA

31.      

MANDOR

JANSATH

JANSATH

MANDOR

32.      

MIRANPUR (SOUTH)

JANSATH

JANSATH

MUJHERA

33.      

SALARPUR

JANSATH

JANSATH

SALARPUR

34.      

SIKREDA

JANSATH

JANSATH

SIKREDA

35.      

SOHANJANI

JANSATH

JANSATH

SOHANJANI (GHATAYAN)

36.      

SAMBHALHERA

JANSATH

JANSATH

JATWARA

37.      

HUSAINPUR RAMRAJ

JANSATH

JANSATH

RAMRAN

38.      

NAWLA

JANSATH

KHATAULI

NAWLA

39.      

PHULAT

JANSATH

KHATAULI

PHULAT

40.      

PAMNAWLI

JANSATH

KHATAULI

PAMNAWLI

41.      

MANSOORPUR

JANSATH

KHATAULI

MANSOORPUR

42.      

BADSOO

JANSATH

KHATAULI

BADSOO

43.      

KHERA CHAUGAUN

JANSATH

KHATAULI

KHERA CHAUGAUN

44.      

SARAY RASOOLPUR

JANSATH

KHATAULI

SARAY RASOOLPUR

45.      

GALIBPUR

JANSATH

KHATAULI

GALIBPUR

46.      

BHANGELA

JANSATH

KHATAULI

BHANGELA

47.      

GANGDHARI

JANSATH

KHATAULI

GANGDHARI

48.      

CHANDSAMAND

JANSATH

KHATAULI

CHANDSAMND

49.      

BUDHANA

BUDHANA

BUDHANA

BUDHANA

50.      

ALIPUR ATERNA

BUDHANA

BUDHANA

ALIPUR ATERNA

51.      

KURTHAL

BUDHANA

BUDHANA

KURTHAL

52.      

BARODA

BUDHANA

BUDHANA

`BARODA

53.      

TODA

BUDHANA

BUDHANA

KALYANPUR

54.      

MOHDPUR RAISING

BUDHANA

BUDHANA

KHERI GANI

55.      

HUSAINPUR KALA

BUDHANA

BUDHANA

HUSAINPUR KALA

56.      

KANDHLA

BUDHANA

KANDHLA

KANDHLA

57.      

KHERA MASTAN

BUDHANA

KANDHLA

KHERA MASTAN

58.      

KHARAR

BUDHANA

KANDHLA

PHUGANA

59.      

TAHIRPUR BHABHISA

BUDHANA

KANDHLA

RAJPUR CHHAJPUR

60.      

JASALA

BUDHANA

KANDHLA

JASALA

61.      

ELUM

BUDHANA

KANDHLA

 

62.      

KAKRA

BUDHANA

SHAHPUR

KAKRA

63.      

GOYLA

BUDHANA

SHAHPUR

GOYLA

64.      

PALRI

BUDHANA

SHAHPUR

PALRI

65.      

PURBALIAN

BUDHANA

SHAHPUR

PALRI

66.      

BHORA KHURD

BUDHANA

SHAHPUR

BHORAKALA

67.      

SHAHPUR

BUDHANA

SHAHPUR

SHAHPUR

68.      

SORAM

BUDHANA

SHAHPUR

SORAM

69.      

SISOLI

BUDHANA

SHAHPUR

SISOLI

70.      

SHAMLI

SHAMLI

SHAMLI

SHAMLI

71.      

SONTA

SHAMLI

SHAMLI

BUTRADA

72.      

LANK

SHAMLI

SHAMLI

LANK

73.      

CHUNSA

SHAMLI

SHAMLI

CHUNSA

74.      

AMBHETA YAKUBPUR

SHAMLI

THANABHAWAN

JALALABAD

75.      

BHENSANI ISLAMPUR

SHAMLI

THANABHAWAN

MAROOKHERI

76.      

HASANPUR LUHARI

SHAMLI

THANABHAWAN

HASANPUR LUHARI

77.      

HARAD FATEHPUR

SHAMLI

THANABHAWAN

HARAD

78.      

GARHI ABDULLA KHAN

SHAMLI

THANABHAWAN

GANDEWRA

79.      

JALALABAD (EAST)

SHAMLI

THANABHAWAN

JALALABAD

80.      

MAHAWATPUR

SHAMLI

THANABHAWAN

MAHAVATPUR

81.      

YARPUR

SHAMLI

THANABHAWAN

THANABHAWAN

82.      

UN

KAIRANA

UN

OON

83.      

PURMAFI

KAIRANA

UN

PURMAFI

84.      

HATCHHOYA

KAIRANA

UN

HATCHHOYA

85.      

BALLA MAJRA

KAIRANA

UN

CHAUSANA

86.      

VEDKHERI

KAIRANA

UN

VEDKHERI

87.      

YAHIYAPUR

KAIRANA

UN

YAHIYAPUR

88.      

OODPUR

KAIRANA

UN

OODPUR

89.      

GARHIPUKHTA

KAIRANA

UN

GARHIPUKHTA

90.      

DATHERA

KAIRANA

UN

DHATHERA

91.      

BHOORA

KAIRANA

KAIRANA

BHOORA

92.      

ISSOPUR KHURGAN

KAIRANA

KAIRANA

ISSOPUR KHURGAN

93.      

OONCHAGAUN

KAIRANA

KAIRANA

SHEKHPURA

94.      

SHEKHPURA

KAIRANA

KAIRANA

SHEKHPURA

Except Above Thanabhawan and Hiranwara Society of the Thanabhawan Block is under Liquidation.

URBAN CO-OPERATIVE BANK (U.C.B.)

        There are 3 urban Co-operative banks in the district viz. Gulshan Urban        co-operative bank ltd., The Ganga   mercantile Urban Co-operative Bank Ltd. & Mahila Mercantile Urban Co-operative bank Ltd.

        The Head Office of the Gulshan U.C.B. is at 45-B, New Mandi, Phone No. 2604143 & 2404143 having 7 branches of Khatauli, New Mandi, Muzaffarnagar, Shamli plus one extension counter at Girls Inter College, Bhagat Singh Road, Jansath & Budhana. Bank was registered as a primary co-operative society on 03.09.90 and licenced by R.B.I. on 11.11.91. Membership is 2435.

        The Head Office of the Ganga Mercantile U.C.B. is at Mahamana Malviya Inter College Complex, Phone No. is 2645482 Interest rate on deposit is from 3.5% to 7% having a branch at its Head Office. Bank was registered as a primary cooperative society on 31.7.97 and licenced by R.B.I. on 4.12.97. Membership is 3051.

        Mahila Mercantile U.C.B. is registered as on 27.03.2000 Registration No. 1476 situated at 10A, New Mandi, Muzaffarnagar. Membership is 1534 and Phone No. is 2607640. The financial position of Urban Bank's has given as per under statement.

Financial Position of the Urban Bank's as on 31.03.2005

(Amount in Lacs Rs.)

Sl.No.

Details

Gulshan Urban Bank

Ganga Mercantile Bank

Mahila Mercantile Bank

  1.      

Paid up Capital

27.66

33.06

33.13

  2.      

Working Capital

1925.00

677.05

401.99

  3.      

Reservers and Funds

83.25

17.72

34.56

  4.      

Provisions

53.72

36.53

--

  5.      

Deposits

1814.09

626.27

334.30

  6.      

Investment

1363.26

296.08

185.75

  7.      

Advances

356.69

427.88

174.70

  8.      

CD Ratio (%)

19.66%

68.32%

52.26%

  9.      

Gross (NPA's)

(a)

Amount

14.26

42.50

Nil

(b)

Percentage

4.00%

9.93%

Nil

10.    

Net (NPA's)

(a)

Amount

Nil

7.02%

Nil

(b)

Percentage

Nil

1.79%

Nil

11.    

Net Profit

34.64

9.25

50.50

12.    

CRAR %

20.54%

20.56%

--

GENERAL TERMS & CONDITION OF ADVANCEMENT OF LOAN:

1. ELIGIBILITY :   Bank shall make loan to those persons who will be member of the Bank. The Borrower shall have to contribute towards share capital of the Bank in the ratio prescribed by the Reserve Bank of India which will be 2.5% of the amount of loan. Loan shall be granted to persons who are residing in urban area in the area of operation of the Bank.

2. REPAYMENT: (I) Working Capital: Loan shall be granted only for one year.

                              (ii) Term Loan : It will be granted for 3 to 5 years.

3. RATE OF INTEREST:   Rate of interest will be such as fixed by the bank time to time as per R.B.I. norms. At present rate of interest is 15% on vehicle, 15% on consumer durable goods and term loan, cash credit.

4. MARGIN:  25%.

5. MAXIMUM LIMIT OF ADVANCES: The exposure shall not exceed 20% of capital funds.

6. COLLETRAL SECURITY: Borrower shall have to offer colletral security 1.5 to 2 times of the amount of loan.

7. PERSONAL GURANTEE;     Personal gurantee of good persons will be offered who shall be members of the Bank.

8. INSURANCE:      Insurance with bank clause shall have to be made to safe guard against Burgulary, fire, riot risks for the period of loan repayment.

SALARY EARNERS CO-OPERATIVE SOCIETIES:    

    There are 70 such societies in the district registered in different offices, schools, factories and coperations. They give loan upto Rs. 1,50,000 to its members who are employees of that perticular concern where society is registered. Instalment of the loan is deducted by the employer from the monthly salary of concerned employee. Loan is recovered in maximum 60 instalments. Rate of interest is 11.5% and a member gets loan 20 time of his share, he has purchased. Salary earners societies are financed by District Co-operative Bank.

        Other type of primary co-operative societies are Mercantile Societies where main object is direct purchase from farmers, to pledge agriculture outputs of farmers so that growers may get reasonable and higher price of their product.

        Above all national level co-operative societies IFFCO & KRIBHCO are playing a very important and big role in the progress of the farmers of the district. These two societies sale their fartilizer through co-operative societies, U.P. Agro. NAFED centres and own Farmers Service Centres. IFFCO has their service centres at Railway crossing Jansath Road, Muzaffarnagar, Naveen Mandi Sthal, Muzaffarnagar. Shamli, Jansath, Kandhla & Khatauli, KRIBHCO  has their service centres at Kali Nadi, Muzaffrnagar near Shamli Bus Stand, Bhopa and Shahpur. IFFCO has largest number of service centre in the district in whole U.P. IFFCO & KRIBHCO store fertilizer at PCF & DCDF  and through storing agency fertilizer is sent to various sale points on demand. Both these societies sale seed, fertilizer, Biofertilizer, pesticides and chemical through Farmers Service Centres and suggestion for new technique is also given at FSC through Agriculture graduates. Various types  of saminars are also organised by IFFCO & KRIBHCO for providing latest techniques. IN the district the sale of IFFCO    fertilizer in a year is nearly 70,000 M.T. Urea, 10000 M.T. N.P.K. (12:32:16) and 15000 M.T. D.A.P.   The sale of KRIBHCO Urea is nearly 45000 M.T.

Source: A.R.Co-operative,MZN

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