This website uses cookies to ensure you have the best experience. Learn more

Purbanchal Saving & Investment Co Operative Limit

4279 words - 18 pages

CHAPTER - 1

INTRODUCTION

1.1 Background of the study

'Co-operative' refers to work together for common benefit. A co-operative organization is such an organization which is established by economically weak persons. This organization functions under their mutual co-operation of all the members. Specially, co-operative organization is such autonomous organization, which is established voluntarily by the group of persons for the fulfillment of the social, economical and cultural expectations with the democratic control and flow. If we analyze the history of it, we can find that it is the organization established by economically and socially exploited people from the rich ...view middle of the document...

It is not capitilist and socialist concept but it is an equitable concept. Entire profit or loss of co-operative organization is distributed among all the members on the basis of their intvestment.

In conclusion a co-operative Development Board Act, was enacted on Kartik 21, 2049, Under this act national co-operative development board has been established for the economic and social enlistment of the people of weaker section according to co-operative as a group . It was goal to work combinely aswell. Like this "Purbanchal Saving & Investment Co-operative limited " is a co-operative limited, which was established on 26, Chaitra ,2053 B.S. registered no of this company is 74-53/54. It is located in Itahari - 1, sunsari , Nepal. It was established by 25 shareholders investing share capital Rs. 2,90,000 and now its shareholders are around 1193 and share capital of Rs. 9,08,700. There are 12 employees including 1 female employees . In fiscal year, board of director, there are 12 members including 1 members. Mr. Ram Krishna Khadka works as manager of Purbanchal Co-operative Organization Limited. It has some goals they are to increase self-esteem of each member to serve people or customers co-operatively as a group such as: providing loan, saving deposit etc. To help poor and unemployed people by providing loan in cheap or lower interest rate. Developing self confidence & economic status people etc. , this co-operative limited has been providing different facilities to the members such as door to door deposit, house and shop loan etc.

This co-operative organization helps to improve poor family and unemployed population in Itahari, Muncipality. And it also helps to develop their living standard. It has provided their living standard. It has provided different facilities to the members. So,it can be increased in economic groeth of poor family and unemloyed person.

1.2 Literature Survey

Purbanchal saving and investment co-operative organization ltd.is a co-operative ltd which helps to improve poor family and unemployed population in Itahari, Muncipality. It helps poor and unemployed by providing loan at a lower interest rate. This co- operative ltd has provided different facilities to the member.

The cash flow covers the area of study about current assets and current liabilities of a financial institution. Generally, cash flow refers to the arrangement of cash inflows and cash outflows of every co - operative institutions. Cash flow makes proper planning of cash budgeting over the institution. In order to achieve the efficiency of cash flow, the financial manager should improve cash flow techniques. For this, the main techniques of cash flow are to accelrate cash collection and to decelerate cash disbrusement as far as possible. For this, the customers are to encouraged to pay promptly offering cash discount, systematic billing system and notifying the period of payment.

Cash is the important current asset...

Other assignments on Purbanchal Saving & Investment Co-Operative Limit

Amul Supply Chain Essay

2012 words - 9 pages [pic] Introduction ➢ The Kaira District Co-operative Milk Producers Union Limited, popularly known as Amul Dairy is a US $ 500 million turnover institution. It is a institution built up with a network of over 10000 Village Co-operative Societies and 500,000 plus members. ➢ Formed in the year 1946 Amul is the leading food brand in India. ➢ Amul initiated the dairy co-operative movement

National Remittance Conference Essay

5411 words - 22 pages in 2012 while FDI (Foreign Direct Investment) was about $0.2 billion and official financial assistance was about $1 billion. Even though contribution of remittance on GDP is highest in South Asia (25%) but still per capita remittance is low than Sri Lanka which clearly explains volume of remittance is still low in Nepal. Ms. Ozaki also explained that in Nepal saving still means holding cash at home while investment means real estate purchase. The

International Portfolio Investment And International Diversification- Benefits And Limits

5036 words - 21 pages technology and policy, support the case for internationally segmented securities markets, with concomitant benefits for those who manage to overcome the barriers in an effective manner. International portfolio diversification has long been advocated as an effective way to achieve higher risk-adjusted returns than domestic investment alone. The main premise underlying this strategy is that international stocks tend to display lower levels of co

Energy Conservation

2416 words - 10 pages to a value of 1,163,749 from Rs.1,510,554 with the saving of Rs.3,46,805. Such a saving was found to be 18.23% on the annual electricity charges and 11.85% on the total energy cost of the textile industry. The total investment for the energy conservation projects and saving in electricity cost per annum were found to be Rs.2,90,000 and Rs.3,46,805 respectively. Apart from the economical benefits, environmental benefits are also achieved

Coop Values And Principles

4884 words - 20 pages economic, social, and even political reasons. Cooperating with others has often proven to be a satisfactory way of achieving ones own objectives while assisting others in achieving theirs. 25. Cooperative Values Co-operatives are based on the values of selfhelp, self- responsibility, democracy, equality, equity and solidarity. In the tradition of their founders, co-operative members believe in the ethical values of honesty, openness, social

Cultural And Social Life Of Bishnupriya Manipuri

731 words - 3 pages clothes and other minor industrial works are mostly handled by girls and married women. Social life of Bishnupriyas is very co-operative. They belong to a patriarchy society but somehow differ from the Western India. Here the status of women is very high. Each clan has an annual meeting where all men and married girls along with their husbands are invited during the month of Falgun every year for meeting together.

Banking In Uk

2379 words - 10 pages costs base. Many of these innovations are fairly simple to implement, but the transformation of retail banking will not be successful if it’s driven from above: it has to be a co-operative transformation. In order to be a real success, banks will have to get all retail banking employees, in particular the tellers and financial advisors, on board. These are probably the ones most fearing the future, as they work with the ever-present threat of

Statutory & Other Restrictions On Loans & Advances

4985 words - 20 pages loans or advances against Government securities, Life insurance policies, Fixed or other deposits, Stocks and shares, Temporary overdrafts for small amounts, i.e. upto Rs. 25,000/-,Casual purchase of cheques up to Rs. 5,000 at a time, Housing loans, car advances, etc. granted to an employee of the bank The guidelines are applicable while granting loans/ advances or awarding contracts to directors of scheduled co-operative banks or their relatives and

Income, Risk, And Consumer Demand For Healthcare

2428 words - 10 pages investment for example on a new instrument or new technology will be recuperated thru the years of use as income, and this income would be obtained from the users (customers). At the end, the company will obtain the total investment plus some income from that investment if used by customers to obtain good health. The health is treated as a stock which degrades over time in the absence of "investments" in health, so that health is viewed as

Project Management

2376 words - 10 pages . Example of partnering in projects. How well do they appear to be working. Ans: Yeshasvini Health scheme in Karnataka The Yeshasvini Co-operative Farmer’s Healthcare Scheme is a health insurance scheme targeted to benefit the poor. It was initiated by Narayana Hrudayalaya, super specialty heart hospital in Bangalore, and by the Department of Co-operatives of the Government of Karnataka. The Government provides a quarter (Rs. 2.50) of the

Managerial Economics

2736 words - 11 pages entrusted with the task of collection and compilation of statistical information relating to banking and other financial sectors of the economy. 7. Supervisory Function: The RBI has a wide power of supervision and control over commercial and co-operative banks relating to licensing and establishments, branch expansion, liquidity of their assets, management and methods of working, amalgamations, reconstruction and liquidation. The RBI is

Similar Documents

Project Essay

8492 words - 34 pages savings bank account and make such alternations/ amendments from time to time in conformity with the previous of the Kerala Co-operative Societies Act. 1969. 4. Home Safe Deposit This is another type of deposit. This deposit promotes savings habit in customers. There is no limit to deposit money i.e., a customer can deposit any sum of money. This deposits maximum period is two year. 5. Vidhya Nidhi Deposit This deposit is opened for the

Project Financing Essay

4101 words - 17 pages Saving Bank Account in ICICI bank from where he financing his new manufacturing unit. To sanctioning the term loan and cash credit limit, M/s Krishna Minechem has to fill the Credit Facility Application Form of ICICI Bank which is attached in [ ANNEXURE 3 ] with duly signed by proprietor and stamped by the firm’s seal and also enclosed with following documents: * For Land Authentication, following documents should be enclosed by proprietor

Interview Essay

1203 words - 5 pages - Great Eastern Holdings Limited Company Analysis: reat Eastern Life Assurance Co Ltd (GE Life) is the oldest life assurance company in Singapore established since 1908. Through its 20,000-strong agency force, it offers every principal form of life, personal accident, health insurance and annuity plans to individuals. It is also involved in loans, investment

Doc Doc, Docx, Pdf, Wps, Rtf, Odt

1805 words - 8 pages above is exhaustive for the scheduled banks. There are now ten non- scheduled banks in Bangladesh, and they are Jubilee Bank in Khulna,Naray- anganj Co-operative Bank, Eden Bank, Sayedppur Commercial Bank, The Comilla Co-operative Bank, Dinajpur Industrial Bank, Rajshahi Bank, Sanker Bank, Madaripur Commercial Bank, and Faridpur Banking Corporation. But data are not available on their Performance, as they do not require submitting returens to the