By Rons Bantwal
Daijiworld Media Network—Mumbai (RD/CN)
Mumbai, Jul 22: The 10th annual general body meeting of metro-based Jayalaxmi Co-operative Credit Society promoted by Okkaliga Sangh Maharashtra was held at Kamgar Kalyan Bhavan, Andheri (East), recently.
Okkaliga Sangh Maharashtra president Narayan R Gowda and entrepreneur Subash Agarwal inaugurated the meet by lighting the lamp.
Society president K Raje Gowda presided over the meeting.
Speaking on the occasion, he said that the Society is the financial institution of the common masses and expressed happiness over the Society’s surge in profits owing to the customer’s trust.
Society vice-president Sushim H Kurade, secretary Narayan R Gowda, treasurer Rangappa C Gowda, directors Nagesh N Patel, Chandan C Chari, D Mutte S Gowda, A Kempe Gowda, Devaki N Gowda, Anusuya R Gowda, Sunanda R Gowda and Meenakshi N Patel were present on the dais.
Rangappa Gowda said that the Society has 3,000 shareholders who account for a share capital of Rs 60 lac. “It has fixed deposits of Rs 6.54 crore and advanced loans up to Rs 5.64 crore. The Society has one branch in the metro and has achieved a volume of Rs 7.70 crore”, he added.
Scholarships and note books were distributed to talented community students on the same occasion.
Society auditor Latha R Gowda explained the future plans of the organization.
Society manager Parashuram Dond compered the programme and Rangappa C Gowda proposed the vote of thanks.