save environment by Adarsh Credit

A promise to save environment by Adarsh Credit Co-Operative Society Ltd.

We at Adarsh Credit Co-Operative Society Ltd. have always been honest with whatever we do. But the rumours have been spread that Adarsh Credit Cooperative Society’s is involved in several controversies and scandals.

Adarsh Credit Co-Operative Society Ltd. has always been enthusiastic to listen to the members’ problems and find solutions to their problems. Mr. Mukesh Modi, the Founder of this society strongly believes in carrying out a task without expecting for any reward.

This is well understood from the recent event held on the World Water Day by Adarsh Credit Co-Operative Society Ltd where our Managing Director, Mr. Rahul Modi inaugurated Adarsh Charitable Foundation.

Speaking on this event, Mr. Rahul Modi said, “Water conservation is the need of the hour. Water is the source of life and there is no life without water. On the occasion of World Water Day, let us all take a pledge to save eachdrop of water. Inauguration of Adarsh Charitable Foundation on the occasion of World Water Day is an important decision. For many years, Adarsh Credit Co-operative Society has been supporting water conservation initiatives and has provided clean drinking water to needy people.”

With such responsible action towards protecting environment, it can be certainly said that Adarsh Credit Co-Operative Society keeps up the responsibility of its existence and services. On the occasion of this great event, all field workers of Adarsh Credit Cooperative Society have promised to donate 1 rupee everyday from their commission to Adarsh Charitable Foundation. Moreover, every member of the society will also give significant contribution for the initiatives carried out under Adarsh Charitable Foundation.

Aadhaar-based e-KYC

Aadhaar-based e-KYC is likely to be mandatory for financial sector

As Aadhaar is made mandatory for filing Income Tax returns and applying for Permanent Account Number Card (PAN), the government is deciding to introduce Aadhaar-enabled Know Your Customer regime across financial sector in the new financial year. The government is holding consultations with all regulators including the Reserve Bank of India in this regard.

One of the senior finance ministry officials said, “Aadhaar e-KYC provides an instant, electronic and non-repudiable proof, besides having updated contact details, which will help in further streamlining the process of service industry.”

Those individuals, who already have Aadhaar, will have to provide their thumb impression to any of the financial intermediaries. Then, it will be given to the reporting authority of concerned sector and then will be validated from the UIDAI database.

Based on this data, Central Registry of Securitisation and Asset Reconstruction and Security Interest of India (CERSAI) will generate a unique C-KYC number which can be used for all the financial products such as co-operative society accounts, bank accounts, insurance policies, demat accounts and mutual fund investments.

Finance Minister Arun Jaitley has strongly supported making Aadhaar mandatory for all the financial products. The facility of Aadhaar based e-KYC will help individuals or entities wanting to apply for PAN to verify details such as date of birth or address by way of biometric identification using thumb impression.

Launch of DNA Magazine

Launch of DNA Magazine titled “Budget 2017: Impact on my wallet”

Credit Co-operative Society

Mr. Rahul Modi, MD , Adarsh Credit Co-operative Society along with Mr. Kishore P Acharya , GM , Union Bank of India , Mr. Rajneesh Thapliyal , DNA business head, Mr. Mukesh Patel , International Tax Expert, Mr. Shyam Parekh, Resident Editor,DNA ,Mr.Nehal Sheth,Director,Ernst & Young  unveiled the DNA Magazine titled “Budget 2017 Impact on my wallet” on 25 March 2017 at Pride Plaza Hotel in Ahmedabad.

Adarsh Credit Co-operative Society

The panel discussion was on the topic Budget 2017: Impact on my wallet followed by Question and Answer session.

Credit Co-operative Society in Ahmedabad

Commenting on the Budget, Mr. Rahul Modi, MD, Adarsh Credit Co-operative Society said, “Budget 2017 is a balanced and development oriented budget. The Budget is focused in strengthening rural economy, woman empowerment, promotion of youth and creation of employment opportunities. The Budget continues the reforms the finance minister started with demonetization announcement.”

Credit Co-operative Society in India

Mr. Rahul Modi also suggested that Government of India should lay more emphasis to credit co-operative societies as they can equally contribute to all the pillars of growth especially in rural and urban areas.

improving the livelihood of farmers

Co-operative societies play an important role in improving the livelihood of farmers

A co-operative society is an autonomous organization of persons, associated voluntarily to accomplish their basic needs and aspirations through a jointly owned and democratically controlled organization. The co-operative societies are active in almost all the countries worldwide and are present in all the sectors including agriculture, food, finance, health care, marketing, insurance & credit.

Agriculture continues to be the engine of economic growth in most developing countries. These co-operative societies help farmers to overcome many of their difficulties. The cooperative societies work on several principles, one of which is to work for the community’s sustainable development. In India, there are a number of successful co-operatives such as Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) in the fertilizer sector and some Self Help Groups (SHG) formed by various institutions which have immensely benefited the farmer members in enhancing their overall income by supporting them in different ways.

Suitable Farming Systems (SFS) produces year-round employment and sustainable income through crops, fruits, vegetables and livestock. Some co-operatives like Indian Farm Forestry Development Co-operative Ltd (IFFDC) have taken an initiative to go in for agro forestry combining the plantation of various trees such as fruit trees, forest trees and fuel trees so that the overall climate can be improved on the wastelands. This has helped ecological resilience and enhancement of rural livelihood among the farmer community which has immensely benefitted in increasing efficiency of various agriculture inputs and crop productivity and thereby making good profit.

country’s economic development

Co-operative societies are needed for country’s economic development

Co-operative societies are not a new concept. This is almost a universal concept, prevailing across all the countries. These co-operative societies are formed to secure low cost credit, purchase supplies, market products and to secure the services like insurance, irrigation, finance, electric power.

Functionality of co-operative societies is easy to understand and can be
summed as under:

  • Aim to provide services and supplies (goods)
  • Seek to prevent the exploitation of society’s weaker members
  • Aim to exclude unnecessary profits of middlemen in commerce and trade
  • Ultimately protect the rights of people as both, producers and consumers

Moreover, co-operation further means that isolated individuals can receive the same benefits that are received by the rich and powerful ones of the society, by connecting one member with another. These benefits are not only be materialistic but also morally.

More specifically, a co-operative society is a business organization which is owned by those who use its services and its control rests among all its members equally. Recognizing moral, educational and community values, these cooperative societies are democratic and voluntary.

Co-operative societies play key role when it comes to development goals. They not only generate income for their members, but also offer a range of benefits. By accomplishing their members’ needs, they ultimately enhance the income standards and secure the livelihood of their members and their communities. By doing these things, co-operative societies ultimately enhance the growth of economy and boost development in the country.

आदर्श क्रेडिट के सदस्यों के लिए खुशखबरी

आदर्श क्रेडिट के सदस्यों के लिए ये एक बड़ी खुशखबरी है। आदर्श मनी मोबाईल एप्लिकेशन के माध्यम से किसी भी व्यक्ति अथवा संस्था को धनराशि का भुगतान भेजना अथवा प्राप्त करना अब और भी आसान होने जा रहा है , भले ही संदर्भित व्यक्ति के पास किसी दूसरी कंपनी का ई वॉलेट या मोबाईल मनी एप्लिकेशन क्यों न हो। भारतीय रिजर्व बैंक इस दिशा में एक बड़ा कदम उठाने जा रहा है। जल्द ही भारतीय रिजर्व बैंक – मनी मोबाईल एप्स तथा डिजिटल वॉलेट ऑपरेटर्स को एक साझा तकनीकी मंच उपलब्ध कराने वाला है जहाँ से वे बिना किसी बाधा एक दूसरे को धनराशि अंतरण कर सकेंगे।

भारतीय रिजर्व बैंक इस बारे में आवश्यक दिशा निर्देश जारी करने की तैयारी में है। इसके बाद एक एप्प / वॉलेट से दूसरे वॉलेट में धन हस्तांतरण / भुगतान करना बिलकुल आसान हो जाएगा। ऑक्सीजन वॉलेट हमारे साथ पूर्व से ही अनुबंधित है और अब आदर्श मनी की उपयोगिता और भी बढ़ जाएगी , क्यों कि इसके माध्यम से किसी भी अन्य डिजिटल वॉलेट अथवा व्यापारी को सीधा भुगतान संभव हो सकेगा। निश्चित रूप से यह आरबीआई द्वारा उठाया गया एक साहसिक और प्रोत्साहनकारी कदम है जो लोगों के बीच डिजिटल लेन-देन को प्रोत्साहित करेगा। आदर्श मनी पहले से ही अपनी कार्यप्रणाली में आधुनिक तकनीक का इस्तेमाल कर रही है , जिसकी मदद से अधिक से अधिक लोगों को डिजिटल तथा कैशलेस अर्थव्यवस्था से जोड़ा जा सकता है। यह प्रयास भारत में डिजिटलीकरण को बढ़ावा देने में मदद कर रहा है और वास्तव में डिजिटल भारत बनाने की ओर यह एक बड़ा कदम है।

पारंपरिक रूप से ग्रामीण क्षेत्रों में बैंकों की उपलब्धता बहुत कम है। आदर्श क्रेडिट को-ऑपरेटिव सोसाइटी ने आदर्श मनी मोबाईल एप्प के माध्यम से ग्रामीण लोगों को वित्तीय सेवाओं के साथ जोड़ने में महत्वपूर्ण भूमिका निभाई है। आदर्श मनी ग्रामीण भारत में नकदी लेनदेन के डिजिटलीकरण को प्रोत्साहित कर रहा है। हम आदर्श मनी के माध्यम से ग्रामीणों को सीधे उनके घर तक वित्तीय सेवाएं उपलब्ध करा रहे हैं ताकि ग्रामीण इलाकों में बैंकों की दूरी की समस्या का निदान हो और सभी सुविधाएँ भी उपलब्ध हो सकें। आदर्श मनी ने वित्तीय समावेशन में एक महत्वपूर्ण भूमिका निभाई है।

आदर्श क्रेडिट के प्रबंध निदेशक राहुल मोदी कहते हैं ” आदर्श मनी ने ग्रामीण भारत में वित्तीय समावेशन को बढ़ावा देने का महती कार्य किया है। इसके अलावा डिजिटल और कैशलेस लेनदेन को प्रोत्साहित करने के लिए हमारे द्वारा योजनाबद्ध प्रयास किये गए हैं। जिसने व्यावसायिक लागत को कम करने तथा वित्तीय पारदर्शिता बढ़ाने में मदद की है। वे कहते हैं क़ि ‘आदर्श मनी ‘ सहकारी क्षेत्र में एक क्रांतिकारी कदम है। जिसके द्वारा धन हस्तांतरण, एनईएफटी / आरटीजीएस, भारत में किसी भी बैंक खाते में राशि अंतरण , मोबाइल रिचार्ज और डिजिटल लेनदेन जैसे कार्य आसानी से सम्पादित किये जा सकते हैं। आदर्श मनी अपने उपयोगकर्ता को उन सभी प्रकार के लेनदेन को पूरा करने में सक्षम बनाता है जो इससे पूर्व सोसाइटी की शाखा में जा कर ही संभव हो पाते थे। मोदी ने बताया क़ि आदर्श क्रेडिट को-ऑपरेटिव सोसाइटी के 17 लाख सदस्य हैं जो इन आधुनिकतम सुविधाओं से जुड़े हुए हैं और अधिकांशतः ग्रामीण क्षेत्र से सम्बद्ध हैं । आदर्श क्रेडिट भारत में पहली और एकमात्र को-ऑपरेटिव सोसाइटी है जिसने इस तरह की आधुनिक तकनीक का उपयोग कर ग्रामीण भारत के आर्थिक अभ्युदय में अपना योगदान दिया है। “

आदर्श क्रेडिट को-ऑपरेटिव सोसाइटी के बारे में
आदर्श क्रेडिट को-ऑपरेटिव सोसाइटी भारत की अग्रणी क्रेडिट को-ऑपरेटिव सोसाइटी है जिसका मुख्यालय अहमदाबाद, गुजरात में स्थित है। सहकारिता क्षेत्र के अग्रणी नेतृत्वकर्ता श्री मुकेश जी मोदी ने 1999 में आदर्श क्रेडिट को-ऑपरेटिव सोसाइटी की स्थापना की। देश भर में 800 से अधिक शाखाओं के माध्यम से वित्तीय सेवाएं प्रदान कर रही इस संस्था के 240,000 एडवाइज़र ग्रामीण और शहरी क्षेत्र में यात्रा कर 17 लाख सदस्यों को वित्तीय सेवाएं प्रदान करते हैं। आदर्श क्रेडिट कोऑपरेटिव सोसाइटी भारत की एकमात्र क्रेडिट को-ऑपरेटिव सोसाइटी है जो अग्रिम और आधुनिक तकनीक का उपयोग करती है और अपने मनी मोबाईल एप्लिकेशन के माध्यम से वित्तीय सेवाएं प्रदान कर रही है। आदर्श क्रेडिट भारत की एकमात्र वित्तीय संस्था है जहाँ आधार कार्ड आवश्यक अहर्ता है। जिसके आधार पर खाताधारक की पहचान सुनिश्चित की जाती है और आधार कार्ड की बुनियाद पर ही व्यवसाय संभव है। आदर्श क्रेडिट कोऑपरेटिव सोसाइटी में प्रतिदिन का लगभग 95% व्यवसाय आदर्श मनी मोबाइल एप्लिकेशन के माध्यम से ही होता है , जो एक बड़ी उपलब्धि है।

Busting all the rumours!

Adarsh Credit Co-Operative Society Ltd. is a reputed multistate credit cooperative society. We believe that the most important factor that provides sustainable competitive advantage in our business is our own people – our members. By providing the most-preferred financial services across the country, we strive to create an environment that attracts and nurtures our members. We aim to deliver quality and delightful experiences by driving innovation through our bestin- class services and products.

It is said that last year, the Branch Manager of our Agarwal Market branch at Bokaro, was wrongly alleged and taken into custody. They all were the allegations and rumours that were spread last year because of which we had to go through a severe interruption in our day-to-day financial activities. We would like to inform you that whatever happened in the past was unfortunate.

This entire matter of allegations and arrest happened in June, 2016. Almost a year has passed now and everything is on track once again. But miserably, some fellows are still spreading such rumours with a wrong intention of spoiling the reputation and goodwill of Adarsh Credit Co-Operative Society Ltd. which is not acceptable. We would like to request you not to be a part of such rumours. Kindly shatter such fake news when you come across any.

Also, we assure you that our work is progressing smoothly without any flaw. Being our valuable members, we thank you all for your great support in our tough time. We are grateful that you have chosen us and that you keep faith in us.

Thank you!