the goan I network
MARGAO
The Madgaum School Complex Co-operative Credit Society, Margao, which is completing 38 years of its existence, will be shifting its office to a new spacious premises at the Osia Mall, SGPDA grounds, Margao, on December 5.
Speaker of the Goa Legislative Assembly Dr Pramod Sawant, TCP Minister Vijai Sardesai and the Registrar of Coop Societies Sanjiv Gadkar will be present for the inauguration of the office premises.
Addressing the media, Society Chairman Kisan Phadte said that two former directors, Prakash Shirodkar and Ramesh Uttam Desai, besides other members, will be felicitated on the occasion.
“A small institution formed on March 20, 1980 with only 36 members and with a deposit base of Rs 1650 and a share capital of Rs 3,600, the Madgaum School Cooperative Credit Society has become a giant organisation with over 1,500 members spread across 250 schools, higher secondary and colleges in Salcete, Quepem, Canacona, Sanguem and Mormugao taluka,” he told the media.
Phadte said this is one society which admits the members from peon to principal and from KG to PG, with over 250 different salary heads and is the unique society of its kind in South India.
The Society was adjudged the best cooperative credit society by Goa Rajya Sahakari Sangh and awarded certificate of appreciation, best performing society award in 2015 by Quepem Urban Cooperative Credit Society and best salary earners
coop society by All India Sahakar Bharati in 2016. The Society chairman was awarded the best Cooperative Chairman by Goa Rajya Sahakari Sangh and State Cooperative Award Sahakar Shree in 2015.
“We have been in the forefront to organise and promote various activities for the benefit of teaching fraternity and educational field. We have introduced various schemes in cooperative banking, which have been implemented by other institutions. With various deposit schemes such as saving deposit, recurring deposit, pension deposit, lakhapati deposit and millionaire deposit, society has a deposit base of over Rs 18 crore and has paid up share capital of over Rs 180 lakh,” he added.
