To avoid dissipation, safeguard Shareholders (Members) Fund and inculcate the Co-operative Sector principles in true sense; several laws have been modified and lots of amendments have been introduced. Merging or take over a financially sick credit society by financially healthy society or Bank is one of the changes introduced by the Registrar. To avoid this kind of situation we have to work for addition of more and more active Members. It is necessary to keep flow of deposits from economically healthy groups to economically weak, needy and risk taking businessmen in the Society by way of Credit / Advances. It is necessary to fulfill every citizen’s dream of owning a house. Education Loans plays an important role in next generation’s grooming and to cultivate good values.

According to Co-operative sector experts, efficient and active Board of Directors can only run any business effectively and successfully. Then only the Credit Society will deliver growth of 20% CAGR in Share Capital, Deposits & Advances.

The Board of Directors of SVSP are expecting following things from Members to deliver higher growth and generate good revenues for the Society and for its Members:

• All the social organizations and trusts must become an active member of the SVSP
• All the social organizations and trusts, retired & financially sound members should maintain deposits with SVSP only
• Needy people and High caliber businessmen should borrow home loan, business loan, education loan & gold loan from SVSP only
• Efficient, effective, financially sound active members should try to be part of board of directors of the society.

Since we have take charge as the Managing Committee we tried our level best and raise the turnover figure from 6.7 crs in 2010 to 35.82 crs till Dec 2017.This would not have been possible without the trust and support of all the Stake holders, Depositors and Borrowers and we all the Directors and entire staff of SVSP is very grateful to them.

We are not yet satisfied with this, In the coming years SVSP has determined to spread its network to at least 10 branches in Mumbai Region and garner Deposits worth Rs. 75 Crs. If we get support of all the Members and their relatives & network then we will easily achieve total turnover target of Rs. 100 Crs. We are also eyeing to spread our wings in other districts like Thane, Palghar, Navi Mumbai, Raigad, Ratnagiri & Sindhudurg. Your whole hearted support and participation would be the key to this success. Although the government authority have been made amendment in vertical expansion of financial institutes and made it more difficult then to we will make attempts my heart pure to meet the criteria.As promised,we have opened two new branches in Malad and Bhandup. We are looking forward to spread our presence to entire Mumbai City and also endeavor to enter different regions like Thane, Raigad, Ratnagiri and Sindhudurg. In future, if we get support from you as you do in past, we assure you that we strive and will accomplish this task. This will certainly help SVSP to keep their upwards progress and prosper continuously. If you have any enquiry please click here Enquiry.
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