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Anagha Co-operative Ltd

MISSION

Our mission is to make great efforts to serve all the people who are in need of small and micro financial assistance without any security. Such loans are covered under surety loans in our society.

We are committed to offer new age banking services to local and rural customers and have plans to expand our network beyond Gadag District. We have devised products on deposits and advances schemes based on valued customer feedback. We are maintaining equal balance on deposits and advances consistently every quarter.

INCEPTION

A dedicated group of Gadag residents, inspired with the spirit of service to economically weaker sections of society started Anagha multipurpose Souharda co-operative Society Limited in 2014, with a small share capital of Rs. 8,99,200. The area covered under Gadag city jurisdiction was predominantly populated by low income industrial labour and lower middle class people at that time. In a short period of time Anagha multipurpose Souharda co-operative Society Limited helped the poor very small vendors, street vendors.

GROWTH AND STRENGTH

As on 31st March 2015, the total numbers of members joined to our society was 185, gradually it was increasing, and as off 31st March 2019, we have 647 members. The total business of the society as off 31st March 2019 was Rs. 7.52 Crores. As on 31st March 2019, the society’s deposits reached around Rs. 6 Crores, while the advances reached around 5 Crores. The paid up capital of the society as on 31st March 2019 was Rs 11,91,000. The CA SA Ratio of the society as on 31st March 2019 was 17.26%.

MEMBERS’ STRENGTH

YEAR NO OF MEMBERS
2014-15 189
2015-16 304
2016-17 570
2017-18 577
2018-19 647
Cooperative society in Gadag

DIVIDEND HISTORY

YEAR DIVIDEND %
2014-15 0
2015-16 12
2016-17 13
2017-18 14
2018-19 15
Cooperative society in Gadag

RECURRING DEPOSIT

Year Amount
2015 1,12,800
2016 3,85,000
2017 1,92,300
2018 6,43,250
2019 8,07,150
Balance sheet report

FIXED DEPOSIT

Year Amount
2015 2,70,97,914
2016 4,23,22,544
2017 4,62,99,726
2018 4,62,07,880
2019 4,95,46,466
fixed deposit

PIGMY DEPOSIT

Year Amount
2015 13,32,838
2016 30,22,504
2017 46,25,325
2018 51,89,049
2019 42,84,188
pigmy deposit

SECURITY DEPOSIT

Year Amount
2015 20,000
2016 30,000
2017 44,000
2018 60,000
2019 50,000
security deposit

SAVINGS DEPOSIT

Year Amount
2015 1,47,659
2016 13,38,553
2017 25,51,146
2018 25,19,191
2019 43,21,723
savings deposit

CURRENT A/C DEPOSIT

Year Amount
2015
2016 27,088
2017 1,04,999
2018 46,694
2019 94,568
current account deposit

TOTAL DEPOSITS

Year Amount
2015 2,87,11,211
2016 4,71,25,689
2017 5,38,17,496
2018 5,46,66,064
2019 5,91,04,095
Balance sheet report