MAHARASHTRA STATE BOARD OF SECONDARY & HIGHER SECONDARY EDUCATION

NASIK DIVISIONAL BOARD EMPLOYEES CO-OPERATIVE CREDIT SOCIETY LIMITED, NASIK.

Our Speciality:

General Loan Amount upto Rs.4,50,000/-
Emergency Loan Amount upto Rs.20,000/-
Interest rate on boath types of loan is only 2% p.a.(by reducing balance method).
After the death of loanholder member, (death with any reason), their credit amount available in the society will be adjusted to the loan amount and the balance debit loan amount, if any, will be adjusted from Members’ Welfare Fund of the society. No loan amount due to the member, will be recovered neither from his successor nor from his loan guarantor.
Medical Advance (interest free) for 28 days, upto Rs. 25000.
Every year, Society pays 2% Dividend to our members.
Society has been given ‘A’ Grade Audit Remarks from the auditor, from formation to till date.
There is no NPA, no debtors pending in the history of the society.
Society pay final settlement amount to the member on the date of his retirement with Certificate of Appreciation(honour).
All the transactions are made by cross cheque only. No cash/currency transaction is allowed.
Society does not accept any Fixed Deposit.

Shashikant Patil

Founder

About Us

Maharashtra State Board of Secondary & Higher Secondary Education Pune is a statutory and autonomus body estiblished by the Government of Maharashtra in 1965. It has established it’s Divisional offices at Pune, Nagpur, Mumbai, Aurangabad, Amarawati, Kolhapur & the sub-divisions at Nasik & Latur to fulfill its mandate

Nearly 1000 employees are working in the different Divisions and Sub-Divisionswhich come under the control of this state board. In the socio-economic upliftment of the employees, four Employees Co-Op Credit Societies were formed at Pune, Nagpur, Aurangabad & Amarawati seperately. State Board, Pune, Mumbai, Kolhapur & Nasik Divisions, Sub-Divisions employees were availing the services of the Pune Employees’ Co-Op Credit Society.

Nasik Divisional Board was seperated from Pune Division in 1993. After the formation of Nasik Division, State Board recruited new staff (employees) at Nasik Division. There were 110 to 125 employees at Nasik Divisional office. Senior staff members of Nasik Sub-Division offfice were the members of Pune Employees Co-Op Cr. Society. The members of this credit society were facing with many probless in availing the loan & different facilities from the society.

Mr. Shashikant R Patil was newly recruited staff memberat the Nasik Division. He observed & studied the problems of the Members of the Pune coop society.. After getting bird’s eye view of the situation, he expressedthat for the betterment of Nasik Division Employees’, the formation of new & seperate employees co-op credit society at Nasik was essential. And thatwas the only way to mitigate the economic hardships faced by of the Nasik Division Employees’. Mr. Dinkar Patil, Kiran Pawar, Shaligram Chavan, Sandip Nikam, Dilip Jadhav, Smt. Vidya Aher, Rajashri Kulkarni, Shobha Palade and many more employees welcomed the idea of the formation of Nasik Divisional Board Employees Co-Op Credit Society. We had our 1st General Meeting on . .1995 & it was unanimously resolved that, seperate employees co-op credit society would be established for Nasik Divisional Board employees at Nasik. Mr. S. D. Chavan, as a Chairman & Mr. S. R. Patil, as a Secretary were elected unanimously. The society was registered asMAHARASHTRA STATE BOARD OF SECONDARY & HIGHER SECONDARY EDUCATION NASIK DIVISIONAL BOARD EMPLOYEES CO-OP CREDIT SOCIETY LTD. NASIK on 23rd February, 1996 vide it’s Registration No.NSK/(NSK)/RSR/O/1643-96 with Sub-Registrar of Co-Operative Scociety, Nasik Taluka, Nasik.

We immidiately started our business with monthly collection of Rs.100/- from each member & distribution of loan of Rs.10,000/- @ 19%p.a. interest rate. By reducing loan interest rate by 1% every year, we are disbursing maximum loan up to Rs.4,50 lakh and for emergency upto Rs.20,000/- @ 2% p.a. interest rate since last 7 years. OUR 2% P.A. LOAN INTEREST RATE IS EXTREMELY MINIMUM IN THE WORLD.