Indian Co-operative Credit Society Ltd. (www.iccsl.in) is a unique Business Family owned by our Members including: Advisors, Employees and Share holders. ICCSL is governed under the Multi-State Cooperative Society Act, 2002 and is defined as a financial organization managing financial transactions amongst its members under the act of Cooperatives Societies. The society is registered under Governme
nt of India, Multi-States Cooperative Societies Act 2002 with registration No. MSCS/CR/77/98 (Please read the Group Profile, given on page down below). The Government of India has formed rules to ensure the security of the member-deposits with Credit Cooperative Societies and it is mandatory by law for all registered societies to operate within those regulatory acts. ICCSL follows all existing parameters of fund sufficiency and is bound to pursue those formed by Government of India. The accounts of society are subject to audit by audit department and audit reports are then submitted to Registrar Office for their governance. ICCSL is authorized to take deposit from its members (As per Bylaw registered with Ministry of Agriculture and Co-operation, Govt of India, New Delhi), and it issue Deposit Receipts (DR) with a guaranteed rate of interest, which is very fair and legal. ICCSL accepts term deposits, as per the bylaw and also it offers complete banking solutions like daily deposits, short term deposits, long term deposits, monthly income plans, recurring deposits, current account, saving account and loans to our members. Corporate Approach: A cooperative society is a social enterprise, where a group of individuals with common objective come together and 'co-operate' with each other to achieve that objective. Indian Co-operative Credit Society Ltd., is one such voluntary association whose main objective is to provide support to its members. We are not established to earn profit, but to provide the benefits of togetherness. We sincerely promote the TEAM phrase "Together Each-one Achieves More". Keeping the co-operative principles in forefront, ICCSL works as a fully democratic organization. Its governance & policies are transparent and are managed by the ‘Board of Directors’ elected by it members. The elections are normally conducted in the Annual General Meeting each year for filling up vacant posts.
• ICCSL offers credit to worthy people from different strata of life. We provide loans in small amount to small time traders; low income businessmen; salaried individuals; housewife's etc. to enable them to meet their various financial requirements.
• We also provide various banking solutions like deposits, saving accounts and monthly income schemes to our members and have introduced series of deposits that cater to various financial goals within a family, like children's education, daughter's marriage, retirement plan etc. Apart from banking solutions, other upcoming services at ICCSL include Air and Rail ticket booking, utility bill payment, tour packages, hotel booking etc. is structured to be a dynamic, democratic, member-owned and socially responsible entity with a primary purpose of providing high-quality and fairly priced financial services. ICCSL is committed to promote, coordinate, and expand economic opportunity for members through a growing network. It envisions transforming cooperatives into safe and sound financial institutions that would cater quality services and safeguard members' money. ICCSL VISION: The ICCSL vision is to make financial services universally available; and to promote poverty alleviation through the development of a strong, sustainable economic infrastructure, using financially sound market mechanisms’. ICCSL OBJECTIVES:
1. To instil the Co-operative Spirit as a way of life;
2. To provide the best benefits and assistance possible;
3. To serve our members as none other than our own family members
4. To improve our member’s economic and social well being
5. To increase leadership through participation in the affairs of the Co-operative
6. To promote a sense of belonging for the Co-operative and
7. To co-operate with other Co-operative and organizations to strengthen the Co-operative principles. ICCSL CO-OPERATIVE VALUES
SELF-HELP – Believe in helping people to help themselves to grow and
achieve economic and social independence. SELF-RESPONSIBILITY – ICCSL Take responsibility for, and encourage
our members to be responsible for their actions, as well. EQUALITY – All members are equal in ICCSL , irrespective of their monetary standings
EQUITY – ICCSL conduct our businesses in a fair and unbiased way
DEMOCRACY – ICCSL Members have a say in the way we run our businesses
SOLIDARITY – ICCSL share common principles, values, interests and purposes
with our members and other co-operatives. ETHICAL VALUES
OPENNESS – In a constantly evolving economy and society, openness in
work structure and working methodologies are important means for self discovery. HONESTY – We are honest about what we do and the way we do it
SOCIAL RESPONSIBILITY – We encourage people to take responsibility
for their own community, and work together to improve it
ICCSL STRATEGY
ICCSL adopts the following ways to promote the cooperatives and ensure their sustainability:
Focusing on financial services only and Promoting savings services and diversify savings products
Offering services that fit the clients’ needs and diversify loan products
Reaching large number of clients with vision for growth
Simplify procedures to reduce operational costs
Motivating clients to repay loans and focuses on high repayment
Building effective management information systems (MIS)
Attaining financial sustainability by charging sufficient interest rates and fees;
Integrating training and education and growing through new institutional linkages
Mobilizing internal resources in the form of share capital, long term savings and reserves
Message from the Board of Admin
Since its inception, India Cooperative Credit Society Ltd. has been helping its members in meeting their short term and long term financial goals. The collective efforts of the Society have been instrumental in raising the standards of living of its members. In furtherance of the Vision and Mission of the Society, the Society will continue to invoke financial participation, provide economic opportunities and sustainable livelihood to its members and thereby contribute to the growth of the states where it is operational. The Society will contribute in this small measure towards the growth of the country and will try to be a channel for financial inclusion. It is because of the contributions from its members and its employees that Indian Cooperative Credit Society is carving a niche for itself in the country in a short period of time. In the coming years, it would be the endeavours of the Society to increase its footprints in other states of the country. We would like to extend heartiest congratulations and thanks to all the members for their efforts. The efforts have been and are instrumental in widening the horizons of the Society. The Society will always look forward to having an active engagement with its old as well as new members. As in the past, the Society will continue to provide its members with tools of advancement and continuous progress. And while it does so, it will continue to abide by the Cooperative principles enshrined in the first schedule of the MSCS Act. Warm Regards
Indian Cooperative Credit Society Limited
(www.iccsl.in)
Our Strength: At ICCSL you become the part of ever growing family of members, served by a wide network of branches, field workers and advisors, working with the most committed support system, well developed technology, etc., guided by the vision and management of the pioneers of Co-operative sector in India. Corporate Partners: Indian Co-operative Credit Society Ltd. through its united entity and sponsors has formed strategic partnerships with eminent Indian as well as Global Corporate entities in various sectors including Technology, and Insurance. These partnerships are meant not only to widen business platforms but also it lays the foundation of a sustainable future. Co-operative Affiliate Placement Programme
We Invite You to Define Your Career and
Decide Your Own Compensation! Test-drive your priceless career ... A taste of real-life work experience is what Co-op placements can give you, and the Co-operative Affiliate Placement (CAP) may also pen you up to possibilities you wouldn’t have considered or known about otherwise. Saving is a compulsory cooperative practice. We encourage our members to save today in order to meet tomorrow's rising needs. Our cooperative consultants and advisors would meet with our members to work out and agree a convenient saving amount and pattern such that it does not affect everyday living adversely. Saving is for both business and personal objectives through opening of an account with the society. ICCL OFFERS BANKING PRODUCTS like SAVINGS ACCOUNT (THRIFT), PERSONAL AND BUSINESS LOAN (CREDIT), EQUIPMENT & LEASING,
EDUCATION FINANCE, along with essential
*TRAINING AND DEVELOPMENT support. Professional Development through training and workshops for members; depending on field of specialization and/or entrepreneurial dreams, members will be empowered through training at different times of the year towards actualization of personal and professional development. BECOME A FINANCIAL ADVISORY/AGENT
We invite you to bring about a change in rural India by being part of the ICCSL offered Co-operative Affiliate Placement system (The CAP movement)! Would like to contribute in any way, and If you wish to join the TEAM, Please contact or call us.
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Special Attention: This page is not an official page of the IICS Limited.
