Shiva Credit Co-operative Society LimitedSahyadri Arts & Commerce

College
share of the society and on 31
st
July 2000 the society was retgisteredunder the name SHIVACREDIT CO-OPERATIVE
SOCIETYLIMITED
Successful
E
valuation of the Society:
In the initial stage itself, the Shiva Credit Co-Operative Society hascollected the
share amount of Rs.4,00,000 at Rs. 100/- per each shareand Rs.1,58,65,856/- as
deposit money and it had given a loanRs.64,73,254 to its members. Total transaction was
Rs.5,29,99,834.The first year the society gave 7% profit to their members on
their members. A significant feature of this society is that it has gained profit,
which is this area no other society has achivied in its very firstyear. Due to the efforts of the
elders, the society earned tood profit.Form 2000-01 to 2003-04 the Shiva Credit Cooperative Society wasfunctioning in the premises of TAPCS COMPLEX opp.
Vetornoryhospital HonnaliFrom 2003-04, this Society purchased its own building where it
is presently located at the cost of Rs.3,38,360.The Shiva Credit Co-Operative Society
developed day by day because of our bribes sincere and impartial service. It conducted
theAnnual General body Meeting on 22.09.2001 under the presidentship of shree
A.G.Chandrashekar. In that year, there were2900 members. Rs.3,49,000/- was share
capital, and it has collectedthe deposit amount of Rs.19,72,900/- It has provided
loan of Rs.1,25,000 for the improvement of the members business and
Shiva Credit Co-operative Society LimitedSahyadri Arts & Commerce
College
50,66,255 for self loans. The total transaction of the society wasRs.29,99,834/- the society
has not made any loss in this year.In 22.09.2002 it conducted its 2
nd
annual general body meeting andthe members were discussed about the incomes and
expenditures profits and losses and the budget and loans and advances during their year its
total transactrion was Rs.5,42,70,995 and during this year competerisation of
transaction was adopted.And in the year 2003-04 it conducted 4
th
Annual General Bodymeeting at 23.08.2004 at GURU BHAVAN HONNALI during
thisyear it collected Rs.86,000 share amount from the public andRs.2,40,41,702 deposits
and gave Rs.81,48,476 loan various types of loans to its members as well as to the public of
the Honnali. The presidentship during the year was D.Thirthalingappa.At 2004-05
with the presidentship of Shree d.Thirthalingappa thesociety celebrated its Silver

Jublee (General Meeting) at 22-09-2005at the venue GuruBavan Honnali. In that

financial year there were234 members joined to this society and totally 3558
memberstransacting with the society during that year 1,53,000 share capital wascollected
from members at the end of the financial year Rs.44,73,000share capital was collected upto
Rs.133 lakhs of different schemes of deposits were held in this society and society attained
7.71 lakhs of profit during the year. At the same time society introduced
SAFELOCKER SYSTEM to the members and customers and it had
madeRs.8,56,21,851 of total transaction and the total dividend was given atthe rate of 6% to
its members.
ccording to D.H. Robertson Money is any thing which is widelyaccepted in payment for
goods or in discharge of other kinds of businessobligations. This is the way that
money got extends into the co-operation.
Objectives of the project report:
The follows are the important objection:1.
To make detailed study of flow of credit provided by the co-operative society.2.
Effective utilization of service by the members.3.
To study the problem connected with the credit facilities provided by the society.4.
To study establishment, growth and progress of service provided by the society.5.
To know the general opinion of the customers about the society.6.
To express our own opinion about the societys developing,services to attract and hold the
customers.7.
Togo into their depth about the problem faced connected with thecredit facilities provided.
Area of study:
Shiva credit co-operative society is located in Nyamathi road inHonnale. Is
selected and their information about the opinion towards thesocietys functioning are
collected.The project report aimed at giving analysis on credit facilities ingeneral and
analysis of society from customer or members point of viewas the society this cooperative society is established in
Methodology:
The data is collected for the preparation of this project reportincludes both primary and
secondary data. The primary data is that thesecretary of the society. Directors of the
society and the societys staff is personally interviews to collect information about the

credit facilities provided by the society to the study. Secondary data has been collected
throng survey the survey was conducted; questionnaire was prepared and passed to the
selected customers which reveal the customer idea about the society.

Benefits of study:
1.We can get a clear idea about the credit facilities provided by the society
.2.The report is helpful in knowing about the customers wants about the societys service.
The study given us to know the performance and growth of thesociety.4.
By preparing this project report the study helps us in coming to our own conclusion about
the societys and to write our own suggestion for its improvement.

Limitations of project report:

There are some limitations in doing project report, they are as follows:
1.Here we cannot contact all type of customers.
2.Some customers will not give correct opinion about the survey.
Source of Fund:
The main source of fund of this society is share capital collectedfrom share holders which is
limited to Rs.50crores and with 4500members Acceptance of deposits from members. Its
own funds which arecreated out of profits and borrowing from district central cooperative banks in case of need.The Society collects surplus money from the members as
depositsfor the safety of the public, money collected are preserved by banks andinterest at a
certain rate is given on the amount of deposits, the depositsare beneficiary because they get a
certain rate of interest on deposits, besides the safely of their amount on the other
hand, the society can earnsome money on the amount collected in the form of deposits.
To suit thevarious requirements of the depositors the society has introduceddifferent
schemes. They are as follows:1.
Savings Deposits2.
Current Accounts3.
Fixed deposits4.
Recurring deposits5.
Shiva Yojana Nidhi6.

Pigmi deposits.The Society has collected different types of deposits form 2004-05
to2009 are as follows.
T
a
b
le showing various types of deposits collected
b
y society:
Sl. NoTypes of Deposit 2004-05 amtin lakhs (Rs)2005-06 amtin lakhs (Rs)2006-07 amtin
lakhs (Rs)2007-08 amtin lakhs (Rs)2008-09 amtin lakhs
(Rs)1 Savings Deposits 266.83 290.98 396.85 433.64 386.94
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