Kasaba Co-operative Socity

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CONTENTS

1. INTRODUCTION TO THE PROJECT REPORT

2. INTRODUCTION TO CO-OPERATIVE SOCIETIES

3. SHIMOGA KASABA VYAVASAYA SEVA

SAHAKARA BANK SHIMOGA A PROFILE

4. MANAGEMENT AND WORKING OF SKVSSB

5. DEPOSIT SCHEMES AND CREDIT FACILITIES IN

S.K.V.S.S.B

6. FINDINGS OF THE SURVEY

7. PROBLEMS, SUGGESTIONS AND CONCLUSION

ANNEXURES

QUESTIONNAIRE

BIBLIOGRAPHY

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CHAPTER 1

INTRODUCTION TO THE PROJECT REPORT

Introduction

Objective of the project report

Methodology

Limitations

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INTRODUCTION TO THE PROJECT REPORT

This Project report entitled working and management of co-operative

societies with special reference to SHIMOGA KASABA VYAVASAY

SEVA SAHAKARA BANK. Shimoga is brought put to know the working

and management of Kasava Vyasasaya Bank Savarkar Nagara

The name of the societies wherever used is shortened as

S.K.V.S.S.B For the convenience of report preparation . Its earlier name was

Kasaba Dodda Pramana Sahakara Sanga Shimoga. Due to administrative

reasons in the year of 197 the society changes its name as Shimoga Kasaba

Vyavasaya Seva Sahakaria Bank Shimoga.

Agriculture is the back bone of our country in India more than 75% of

people are resulting in source area and more than 69% of people depend on

agriculture for their Vigor. As agriculture is the main source of the national

Income of the country, it is also the primary source of savings and capital

formation. It accounts for about 32% of National Income of the country.

Indian formers are financially very poor. There is also rural

indebtedness. The seriousness of the rural indebtedness in India has been very

well brought out by the statement. Indian Formers are both in debts, live in

debts and die in debts.

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For the successful development of agricultural in the country, an

adequate supply of finance to indispensable only when finance is available in

required amount, agriculture can be carried on as a commercial preparation

successfully. So, this Project Report is oriented and instituted soon and

advances to agricultural sector under government schemes.

This Project Report is oriented to know how the Government provides

financial ass8stat to the agricultural people and their development.

The Kasaba Bank Shikaripura has been selected for the study as to

how government work in providing financials to the needy people in the rural

bank.

Objectives of the study:

To make a brief study of working and management of S.K.V.S.S.B.

To study the growth and financial resource of the S.K.V.S.S.B.

To make a brief study of the customer's service provided by the

S.K.V.S.S.B.

To identify the problem faced by the S.K.V.S.S.B.

To suggest solutions by studying the problems relating to the society.

To find sources for further information concerning the society

problems.

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To know about the service provided by the S.K.V.S.S.B.

To know about the service provided by the S.K.V.S.S.B.

Purpose of study:

The main purpose of Study is to know the problem faced by the Bank

and to suggest solutions to the problems faced by bank and formers problems.

Besides these purpose object are.

To know the Government helped and is helping to the agricultural people.

To study the problem faced by the agricultural people on matter of loan

borrowing.

To know the credit-facilities of Government

To Study about performance of the branch a bank.

To get general opinion about the customer.

To get-opinion about agriculture finance provided by bank for agriculture.

To know the problem faced by bank.

To suggest solution for their problem.

To make suggestion regarding development of services to attract

customer.

To know how the bank helps in development of Agriculture.

To know whether credit facilities are satisfactory to the agriculture.

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To know about the recovery of loans.

Methodology:

The data is collected is of two types they are primary data and the

secondary data

Primary data and other type of data is collected from library books,

newspapers, literature etc, which have been enumerated in the bibliography.

This is secondary data the data has been tabulated analyzed and interpreted.

The case study has been made in the KASABA VYAVASAYA SEVA

SAHAKARA BANK SHIMOGA

Need of the study:

1. The study makes us to know the performance and growth of the

S.K.V.S.S.B.

2. The report is helpful to understand the working and management of the

S.K.V.S.S.B.

3. The report is helpful in knowing about the Members wants to the

society's service.

4. The study helps in knowing the financial position of the S.K.V.S.S.B.

5. It increases the knowledge regarding co-operative operations and

activities.

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Limitation:

The Survey however suffers limitation of time & money. Even then,

sincere efforts have been made to make the survey a realistic one to ascertain

the really and to suggest remedies for the problems.

The following are some of the limitations of the study

1. The study is conducted only on basis of data provided by

K.V.S.S.BANK

2. Conclusions are drawn on the basis of limitation data available

3. Time was limited to conduct a detailed study.

4. Customers are reluctant to give information. Hence information

provided by them may be biased.

Partial justice is made in this report to lack of time. As recent information,

regarding number of Kasaba co-operative societies in India were not available

at the time of preparing this project. It has not been included.

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CHAPTER 2

INTRODUCTION TO CO-OPERATIVE SOCIETIES

Introduction

Meaning and Definition of Co-operative

Society

Characteristics or Principles of Co-operative

Society

Formation of a Co-operative Society

Co-operative Movement in India

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CO-OPERATIVE SOCIETIES

Introduction:

Co-operative societies are one of the forms of

business organization. They are found all over the world.

Generally, they are formed by the working and lower

middle class people who constitute the weaker sections

of the society for the purpose of safeguarding their

interest against exploitation by powerful businessmen.

Unlike, the capitalistic form of organization which has the

motto "all for himself", co-operative societies follow the

motto "each for all, and all for each", the principal theory

of true co-operative society is the elimination of profit the

idea begin to provide goods and service to members at

cost. Thus, poor farmers may form co-operative credit

societies to get cheap credit facilities and protect

themselves against the exploitation of the

moneylenders. Similarly, small producers may form co-

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operative marketing societies to sell their products at

favorable prices and protect themselves against the

exploitation to the traders. Consumers belonging to the

middle and low income group may form consumer's co-

operative societies so as to get essential commodities at

fair price and protect themselves against the exploitation

by the retailers.

The idea behind a co-operative society is that an

isolated and powerless man, in association with others,

can lift himself as well as others out of weakness into

strength, " Co-operative (i.e., work together) for working

out (i.e., Solving) your economic problems is the theory

of co-operation.

MEANING OF CO-OPERATIVE SOCIETY:

The word "co-operative' is derived from the Latin

word co-operative. Co means together and operari

means to work. In other words, co-operation means to

work together to achieve common purpose.

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Co-operative societies are a type of business

organizations on which individuals generally belonging to

the homogeneous group voluntarily associate together

on the basis of equality for the furtherance of their

common economic interest. In other words a co-

operative society is a form of business origination, in

which economically weak persons voluntarily associate

together as human begins, on the basis of equality of

opportunity and control, equity of distribution of profits

and mutuality (i.e., self-help and mutual help) for the

promotion of their common economic interests.

DEFINITION OF CO-OPERATIVE SOCIETY:

A "Co-operative society" means, a co-operative

society registered under the co-operative societies Act,

1912 or under any law for the time begin in force in any

state for the registration of co-operative societies.

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Co-operation has been defined in different ways by

different authorities.

Some of the important definitions are as follows:

(1). H. Calvert, defines co-operations as " a from of

organization where is persons voluntarily associate

together as human begins on the basis of equality for the

promotion of the economic interest of themselves".

According to Calvert, a Co-operative society is a

voluntary association.

(2). Dr. C.R.Fay, defines a co-operative society as "an

association for the purpose of joint trading originating

among the weak and conducted always in an unselfish

spirit on such terms that all who are prepared to assume

the duties of membership may share in its rewards in

proportion to the degree in which they make use of their

associations"

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(3). Mr. Talmaki, defines a co-operative society as "an

association of the weak who gather together for a

common economic need and try to if themselves and

others out of weakness into strength through Business

organizations, conducted for the common benefit of all

who joint it".

(4). According to Dr. K.N.Katju " Co-operation is self

help as well as mutual help. It is joint association or

Enterprise of those who are not financially strong and are

enable stand on their own legs, and therefore, come

together not with a view to get profits but overcome

disability arising out of want of adequate financial

resources and thus better their economic conditions",

(5). Professor. Lamert observes " Co-operation as an

enterprise formed and directed an association of users,

applying within itself the rules of Democracy and directly

intended to server both its own members and community

as whole".

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CHARACTERISTICS OR PRINCIPLES OF CO-

OPERATIVE SOCIETY:

The Main characteristics or principles of a co-

operative society are as follows:-

1). Body Corporate:

The Registration of a society under the co-operative

societies Act renders it a body corporate. It becomes

entitles to enjoy certain privileges as are enjoyed by a

company on its incorporation. Among others , mention

may be made of the following privileges:

1. The society becomes a body corporate.

2. The society enjoys perpetual succession.

3. The society has its own common seal.

4. The society can hold property in its name.

5. The society can enter into contracts with other

persons.

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6. The society can institute and defined suits on other

legal proceedings.

7. The society can do all others thongs necessary to

carry on its activities with reference to the object for

which the society has been formed.

2) Voluntary Association:

A Co-operative society is essentially a voluntary

association of individuals. A persons is free to join a co-

operative society as its member. Similarly, he is free to

leave the society any time by giving due notice to the

society. Thus, there is no compulsion either to become a

member or to continue as a member.

3) Association persons:

A co-operative society is an association of persons,

and not of capital. Individuals join a co-operative society

as human begins, and not as capitalists.

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4)Unrestricted Membership.

There is no limitation on the membership of a co-

operative society. The number of members of a co-

operative society can be increased to an unlimited

extent.

5) Equal Voting Rights:

In a Co-operative society, each member has only

one vote whatever may be the number of shares held by

him. "One member, one vote", and not :One share one

vote" is the basic principle of a co-operative society. This

principle enables the members to have equal voice in the

management of the society.

6) Democratic Management:

Democratic management is the fundamental

principle of a co-operative society. As a co-operative

operates on a local scale, generally , all the members

attend the meetings. Further at the meetings each

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member has only one vote. Again at he meetings only

those policies, which promote common interests are laid

down. Thus, the day-to day affairs of a co-operative

society are conducted on the democratic principle of

"each for all, and all for each".

7) Service Motive:

A Co-operative Society is formed primarily for the

purpose of rendering maximum services to its members,

and not for earning maximum profits. : Service, not

profit" is the main aim of a co-operative society.

8) Equity of Distribution of profits:

The principle of equity is adopted in the distribution

of the profits of a co-operative society. The entire profits

of co-operative society are not distributed as dividend

among the members. A low rate of dividend, generally 6

% is allowed on the capital contribution by the

members. A portion of the profits is transferred to

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general reserve. A small portion of the profits is used for

the general welfare of the locality in which the society is

working. The rest of the profits of the society are

distributed among the members in proportion to their

business with the society.

9)Liability:

The liability of the members of a co-operative

society may be limited or unlimited. The liability of the

members is limited in the case of a limited co-operative

society, and unlimited in the case of an unlimited co-

operative society.

FORMATION OF A CO-OPERATIVE SOCIETY:

In India, the formation and registration of co-

operative societies if governed by the provisions of the

INDIAN CO-OPERATIVE SOCIETIES ACT OF 1912 or The

State Co-operative society Act in force in various states.

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Formation of a co-operative society, there should be

at least ten members who are bounded together by a

common bond (i.e., belonging to the same locality, class

or occupation and having a common economic need).

These members (called promoters) should submit an

application for registration to the Registrar of co-

operative societies of the state in which the society's

office is to be located.

The application for registration should state:

a) The proposed name of the society;

b) The aims and objects of the proposed society;

c) Its area of operations;

d) Particular of share capital proposed to be

raised by issue of shares and

e) The nature of member's liability.

Further the application for registration should be

accompanied by two copies of the proposed bye-laws of

the society. The bye-laws contain the rules for the

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internal; working of the proposed society. The bye-laws

are generally prepared in accordance with the model

bye-laws available with the Registrar concerned.

On receipt of the application for registration and the

bye-laws, the registrar of co-operative societies will

examine them and if he is satisfied, will register the

society and will issue the certificate of registration. On

registration the society comes into existence and

becomes a body corporate with a distinct legal entity,

perpetual succession and a common seal.

After its registration, the co-operative society

admits new members and proceeds to conduct the

business for which it has been formed.

CO-OPERATIVE MOVEMENT IN INDIA

In recent years, the co-operative movement has

received a great impetus. In India, the idea of co-

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operative took concrete shape for the first time in 1904.

With the passing of the co-operative credit societies Act

which was a measures to combat rural indebtedness and

provide for credit societies. Government extended

various kinds of help to promote the objectives of these

societies.

The essential features of this Act were as follows;

1. A society could be formed by any ten persons living

in the same village or town.

2. The co-operative societies were classified as rural

and urban

3. The rural societies were bonded to have unlimited

liability, in case of urban societies the question was

left to their option.

4. The Act provides only for the formation of credit .

5. The area of operation with in which societies could

operate was callously restricted.

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6. The society could advance loans to members on ly

on personal securities.

7. The interest of a member in the share capital of the

society was strictly limited. No member could hold

shares for more than Rs 1000.

8. The account of every society work to be audited by

the register .

9. Societies were excepted from payment of income

tax , stamp duties and registration fees.

10. The societies work given a leangle personality

and were authorized to rise found and carry on they

business in a co operative society.

In 1912, Statutory provision was made for non

credit forms of co- operation in such activities has

production, purchase, insurance, sale housing, ext.. and

the creation of union of primary co- operative societies

for mutual control and audit of central and provincial

banks to help the primary societies with credit

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In order to review the progress and lay down the

future pattern of growth for co-operatives, the Macaroon

committee was appointed in 1914. In the light of the

recommendation of this committee, co operative

societies were recognized and provisions and was made

for the association of non official institutions and

individuals with this movement. Under the Act of 1919,

co- operation become a provincial transferred subject.

However, the Government of India continued to take

interest in the growth of the movement and established

the Agricultural Credit Department in the Reserve Bank

of India, in 1935 . IN 1945 the co-operative planning

committee was appointed which recommended that

primary society should be converted into multi- purpose

societies and that within a period of ten years 50% of the

villages and 30% of the rural population should be

brought within the ambit of the reorganized societies.

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The committee of direction appointed in 1951, by

the Reserve Bank of India surveyed the rural credit

structure and its report was published in December 1954.

The committee recommended an "Integrated scheme of

Rural Credit".

CHAPTER- 3

SHIMOGA KASABA VYAVASAYA SEVA SAHAKARA

BANK, SHIMOGA A- PROFILE

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SHIMOGA KASABA VYVASAYA SEVA SHAKARA

BANK SHIMOGA

A-PROFILE:

The Shimoga Vyvasaya Seva Sahakara Bank

registered under the co-operative societies Act of 1931,

established on 30-4- 1949 has completed its useful

service of 78 years in Shimoga city.

History of the society:

Before 1924 in Shimoga City, there were only one or

two co- operative societies, which were also not running

well. More ever these to co-operative institutions never

use to encourage the financial aid to the farmers . In

such a situation a few leaders of community firmly

decided to establish a co- operative society by keeping

aside their own personal work and established the

kasaba seva sahakara Bank.

The leaders of the society went to many houses and

made persons to join the society and collected Rs. 25%

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for each share of the society and on 30-4-1979, the

society was registered under the name called "Kasaba

Dodda Pramana Sahakara Sanga" Shimoga. 'Kasaba' is

the First bank in the dish erect established to provide

Financial assistance to the farmers alone. 38 villagers are

constituted to kasaba bank. Since 58 Years the bank is

operating in Kannada language only.

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CHAPTER - 4

MANAGEMENT AND WORKING OF S.K.V.S.S.B.

MANAGEMENT

Introduction

Election procedure

The structure of management of S.K.V.S.S.B.

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MANAGEMENT AND WORKING OF CO-OPERATIVE

SOCIETY MANAGEMENT

INTRODUCTION

The management of a co-operative society is

entrusted to a committee known as managing

committee'. The members of the managing committee

are elected directly by the members of the co- operative

society at annual meeting.

Generally, a co- operative society has the following

office bearers

President

Vice precedent

Secretary

Treasurer.

The Managing committee determines the detailed

programs and procedures of the society. It is accountable

to the general body members.

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The secretary is responsible for the conduct of the

day to day affairs of the society in accordance with the

decisions of the managing committee . He is accountable

to the managing committee

MANAGEMENT OF S.K.V.S.S.B.

Democracy is the keynote of the management

S..K.V.S S.B it is based on the principle of 'one number,

one vote'. The management of this society is entrusted

to two bodies , viz.

1. A general committee : it consists of all the members

of the society.

2. A managing committee: it consists of 15 directors

chosen among the members of the general committee

at its general meeting.

The administration of the society is vested in the

hands of the committee, which has been elected in the

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general body meeting and general body is ultimate

authority for all matters of the society.

Executive committee of S.K.V.S.S.B consists of a

president, vice-precedent, and the 13 directors. The

general committee elects the members of the managing

committee, appoints an honorary secretary and adopts

the annual balance sheet submitted by the managing

committee subject to orders and reports of the registrar

and auditor.

Thus the management of S K.V.S.S.B is carried on

by the board directors elected by the shareholders on the

basis of 'one member one vote'.

ELECTION PROCEDURE OF S.K.V.S.S.B.

Election is an indication of democracy. Democracy

is a symptom of give and take policy. In this co-

operative scenario, 'give' indicates co- operation through

valuable services for the society growth and

development. This body work can be seen in S.K.V.S.S.B

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electoral process. The election procedure of S,KV,S,S,B is

according to Karnataka state co- operative societies Act

(sec-14) and comprises the following clauses:

1. Elections are held according to Karnataka state co-

operative societies (Amended)(Sec-14)(sec 134).

2. According to byelaw No 31 of the society, total

board of directors of restricted ro 15, and one is

reserved for female members.

3. Default members are not eligible to contest and

cast their votes according to section 20 of the Act.

4. The Secretary of the society elected nominated

applications.

5. Elected/ nominated application must be signed by

the ten eligible members [sec 14(8)]

6. Nomination applications are rejected when they are

issued after the last or without the consent of the

candidate [sec14(9)].

7. Every elected or nominated application must have

deposit of Rs.10 and get the voucher or demand

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draft from the society [For male members the

deposit amount is Rs. 50] Sec 14 (10)].

8. Deposit amount are for forfeited in case the

candidate failure to get 1/10th of the total valid

votes [sec.14(11) and (12).]

9. The candidate must be present, both nominated

and constant at the time of withdrawal of

nomination [sec14(17)]

10. Symbols of election are printed on the notice

board. In the application form, the candidate can

write for three symbols, ultimately, the chief

election officer has full power to assign symbols.

11. Contestant must present at the time of

scrutinizing the application.

12. According to 13-A the voting candidate must

have the identity card, which has been issued by

the secretary or his sub ordinates to cast the votes

and sign the voting register.

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13. The person for candidature should not posses

disqualification's according to 29c of co- operative

socialites Act.

In addition to the electoral clauses, a separate

timetable is given for detail information about

election time, venue ect., After the election, among

the directors; one is elected as president and vice

president. Usually, the president can preside over

the meetings.

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The structure of Management of S.K.V.S.S.B

can be shown in a chart as follows:

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SHAREHOLDERS

PRESIDENT

VICE PRESIDENT

DIRECTORS

SECRETARY

ACCOUNTANT

CLERKS CUM

CASHIERS

SERVANTS


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SHAREHOLDERS

Shareholders are the real owners of the co-

operative society, they purchase shares by paying its

face value as their shares in the total capital of the

society.

They exercise their rights through casting their

votes; thereby they look after the welfare of the society

with the help of directors, who have been elected with

the votes of shareholders.

Usually, share holders believe in the directors and

they see overall performance of the society at the annual

general body meeting in which the final accounts are

presented by the secretary.

In case of shortage of capital or surplus of capital

can read jested by refunding or raising vice versa as the

case may be with the help of directors.

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Shareholders are not only the owners, but also the

custodians of the society. With the help of directors and

secretary, they give their valuable suggestions in the

annual general body meetings.

As we know that, capital is the main criteria to build

up the financial strength of this society. There fore, on

the basis of quantum of capital shareholders are to be

classified as;

On 31-3-06 the number of shareholder of Bank as

before:

2002-03 03-04 04-05 05-06

1. At the beginning of Year 1167 1182 1375 1455

2. During the Year 14 193 80 43

3. Attrition rate - - - -

4. Total 1182 1375 14555 1698

Progress imperceptive 1.28% 16.22% 5.81% 16.70%

As the name indicates, they are not entailed voting

power and exercise their rights in the society affairs.

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Membership amount of the nominal members may be

transferred after.

Qualification for membership:

As per byelaw of the society, the members must be

fairness and come under Shimoga District jurisdiction

and must attained 18 years old. The board of directors

have the full power to accept or reject the membership

applications.

Disqualification for Membership:-

The membership may be cancelled for the three

following reasons-

1) Not to take more time than restricted time.

2) Loan amount cannot be used for other than purpose.

3. Lunatic, insolvent, misconduct and other dis-

qualifications.

Liability of Membership:-

The liability of the members of the S.K.V.S.S.B is

limited to the extent of the full of the shares held by

them.

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President

President is chief executive body of the society: as

he is to preside over all the meetings and functions of

the society.

Shareholder are given voting power to control and

look after day to day's business of the society. But, in

practical, it is not possible to all of them to come out and

see the affairs of the society. For that, as per Society

elected procedure they elect directors and among the

directors, one is elected as the president of the society.

He can presume his power as president for a year.

Vice President :-

He is basically a director. In the absence of

president, he extends his co-operation and suggestion in

case of decision making process.

Vice precedent is elected by the directors. He cans

executive officer of the society. Thus, he has the power

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to frame the rules regarding working and management of

the society.

DIRECTORS:

Co operative society represents the collective

responsibility of its members and its prosperity is being

carried by them, (Shareholders)

I t is not possible for all shareholders in the day to

day. Management 0f the society, as they are large in

number and are scattered over Shimoga District. So, the

shareholders of the society elect among themselves

some members good in society management as their

representatives to manage the day to day affairs of the

society. The members or representatives elected by the

shareholders to manage or direct the day to day affairs

of the society. The members or representatives elected

by the shareholders to manage or direct the Day- to day

affairs of the society are known as DIRECTORS. As per

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byelaw No. 31 of the society, total board of directors are

restricted to 9 and one is reserved for female member.

QUALIFICATION OF DIRECTORS:-

1. Director must be a shareholder of bank

2. He must be a resident of Shimoga District.

3. Director must fill up his application in prescribed

format, which has been set by the board of

directors.

4. He must fill up his application before Annual

General body Meeting.

5. He must be a person of sound mind.

DISQUALIFICATION OF DIRECTORS :

1. Director must not be a defaulter, defaulter's surety.

2. He must not be a defaulter of any other co-

operative society.

3. He should not be a member of any other co-

operative society.

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4. He must have sound knowledge; means has not

been disqualified by an order of the court.

POWERS OF DIRECTORS :

The board of directors of the society enjoys all such

powers as are enjoyed by the society itself. Thus, the

board is entitled to exercise al such powers and do al

such acts and things as the society is authorized to

exercise and do. This means that, the powers of board of

directors are co - extensive with those of the society,

i.e, as great as those of the society.

There are however, the following important

powers of the directors:

1. Directors can set a limit of loan.

2. Interest rate is to be fixed at the board meeting.

3. Power to disqualify the application of the new

members.

4. Disqualification of membership of default members

(i.e, voting power).

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5. Power to call a special meeting of members.

6. Power to invest the funds of the society.

7. Power to verify the accounts of the society.

8. Power to appoint a secretary and internal auditor.

9. Power to get loans and meeting allowances.

There are however, the following important

limitations upon the powers of directors:

1. They must exercise their powers subject to the

provisions contained in the co operative societies

Act 1912.

2. The board of directors cannot exercise those

powers, which are required to be exercised by the

members in the general body meeting.

3. They cannot sale or borrow outside funds without

the knowledge of society members.

4.

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MEETING OF S.K.V.S.S.B DIRECTORS

In case of every co operative society, the meeting

of its directors must be held at once every month and at

least 12 such meeting a must be held in every year. In

case of important decisions or policy matters interim

meeting may be called . It is important to note here there

is not provision as to the interim meetings are

concerned.

According to the society, the notice of every board

must be given before one work, in writing to every

director at the time being in Shimoga. And to every other

director at gives notice to any director at his usual

address for communication. It may be noted that, the

failure to give notice to any director renders the meeting

invalid. The quorum for the board meeting (i.e, the

minimum number of directors required for meeting) is

1/3 of its total strength or 5 directors whichever is higher.

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The proceedings of the board are to be conducted in

the manner provided for in the clause of Karnataka State

Co- operative Societies Act. The Act provides that, a

majority shall decide the questions at the meeting The

maters decided in the meeting are put in the form of

resolution may also be passed by circulation. The

resolutions of the board are binding on all the directors

and all of them are bound to help others in carrying out

the decisions taken by the board.

The resolution passed at the meeting are entered in

the minute book of the society, which is to be signed by

the president of the succeeding meeting.

DUTIES OF DIRECTORS:

We know that, the directors of a society occupy an

important position in society's management and enjoy

immense power. However, they should exercise their

power for the protection of the interest of the members.

The byelaw of the society therefore requires them to

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perform duties in order to prevent the abuse of power.

The duties of directors may be given as follows:

1.Duty to call annual every year.

2 Duty to maintain secret of the society

3.Duty to approve balance sheet and profit and loss

account before they are submitted to the auditors for

their report.

5. Duty to attend board meetings.

6. Duty to send to the registrar of co- operative

society copies of special resolutions.

7. Duty to keep the register of members.

8. Duty to see that proper accounts are kept, profit

and loss account and balance sheet are prepared

and are placed at every annual general meeting

along with the auditor's report and directors report.

9. Duty to perform the functions of the society

personally and not delegate them to other persons.

10. Duty to disclose the interest of the society.

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SECRETARY:

Secretary is an important officer of the society.

However , he is only a subordinate officer and has

managerial functions. He is being appointed by the board

has no original authority. He is required to perform the

duties assigned to him under the co- operative societies

Avt, and by the board of directors. He is responsible for

the day to day working of the society, especially his

duties include.

1. To keep and maintain various of the society (such

as Register of members, register of directors ect)

2. To carryout the orders of board of directors.

3. To file with the register of co- operative society,

necessary document and returns (i.e. annual return,

annual account etc.)

4. To submit and verify miscellaneous statements,

forms and returns.

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5. He is required to advise and guide the directors on

all important legal business matters affecting the

working of the society.

6. He should draft the director's report to be presented

at the annual general meeting.

7. He should arrange for the payment of dividends to

the shareholders.

8. To perform all statutory requirements on behalf of

directors.

9. To attend all meeting of board directors and

shareholders and record the proceedings of all such

meetings.

10. To organize and control the staff of the society

and to supervise their work.

11. To look after all the internal or office

management of society.

We know that, a secretary is appointed to perform

all administrative functions, in which an accountant,

internal auditor, cahier-clerks, servants support him in

carrying out society's day to days activities.

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WORKING OF S.K.V.S.S.B

Introduction

Objectives of the society

Functions performed by the S.K.V.S.S.B

Society Performance To A Glance

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WORKING OF S.K.V.S.S.B.

INTRODUCTION:

S.K.V.S.S.B day to day work is carried on with the

help of eminent staff members. They are much essential

to carryout its financial transactions. These peoples are

treated as work force tot he financial activities.

The society works with total staff members, viz,.

Secretary

Accountant

Internal Auditor

Cashier

Two clerks

Two servants

The society has regular meetings to sort out the

problems faced by them in caring out their work; they're

by achieving effective co ordination and functioning

among the staff members.

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OBJECTIVES OF THE SOCIETY:

The main objectives of the society are:

*To extend credit facilities or financial assistance to

the members at reasonable rate of interest.

To provide loans to increase agricultural production,

animal husbandry, poultry and agricultural

equipments.

To provide loans to improve Irrigation facilities to dry

lands.

To provide co- operative education and publicity of so

To border or extend facilities of co-operative society to

its members.

To encourage the habit of saving among the members.

To educate small and middle class people to

understand co- operative principles.

Source of funds :

The following are the important of source of income

of S.K.V.S.S.B.

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a. Share capital:

Share capital is a capital, which has collected from its

members for the primary primary membership.

b) Deposits:

It is revenue deposited by the members who have

saving habits in accordance with their earnings.

FUNCTIONS PERFORMED BY THE S.K.V.S.S.B.

The Shimoga Kasaba vyavasaya seva Sahakara Bank

performs various functions they are as follows:

1. Receiving of deposits:

The society records different types of deposits from

the customers. The society has introduced several

schemes to attract deposits, they are:

Saving deposits

Kasaba Nitya Nidhi deposits

Kasaba NIgadi deposit.

Kalpavruksjha deposit

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Bhavishyanidi deposit

Shivanagadhu deposit

Bhadratha deposit.

Total deposits of bank on 31-3-06 Rs 9,28,1097

II Granting of loans and advances:

The society grants and advances to its members at

the reasonavble rate of interest. The society provides

followings types of loans ,viz.,

Shivanagadhu paper loan

Kasaba Nigadhi deposi loan

Kasaba NIthya Nidhi loan

Gold ornament loan

Vehicle loan

NSC loan

Staff future fund loan

Total loans to members on 31-3 06 are 17,15,496.00 Rs.

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In addition to the above said loan the society

provides ect., the total loans granted by the society as on

31-3-06 amounted to Rs. 17,15,496.

The table shows the total loans provided by the society over

5 years:

Year Total Loans1996-97 3,43,41,0001997-98 4,08,38,6551998-99 4,68,25,4501999-2000 5,12,75,1452000-01 4,63,84,111

III Invest of funds:

The society invests a good portion of its funds in

district central city co- operative Bank (Shimoga). The

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total investments of the society as on 31-3- 2006

amounted to Rs 1622 45.0

BENEFITS SCHEMES TO MEMBERS:

1. Members welfare fund:

In the year 1989 this scheme was introduced. Under

this scheme, the membership fees of Rs 500/- on the

death of the members it provides Rs 10,00 /- as

compensation.

2. Endowment Education Fund:

This scheme is introduced in the 1999. Under this

scheme it distributes Rs, 54,710/- to the students of its

members.

Recently it is also encouraging handicapped students

with the help of this fund

3. Safety Locker Facility:

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Safety locker facilities provided at the society with

a cheaper rate to protect its customers from the

uncertainties like, robbery, theft, fire ect.

With this lookers facility an additional deposit is

provided to attract customers moderately.

BENEFITS SCHEMES OF ITS MEMBERS:

The society also provides loans and advances to its

staff members. They are vehicle and festival advances

ect,; the vehicle loan is repayable as installment basis

i.e,. 60 monthly installments with 17% rate of interest.

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TOTAL APPROPRIATION AS ON 31-3- 06

1) Apaddana Fund 51033.92

2) District Bank Share 17,65,000.00

3) IPCO Share 1,0,0000.00

4) K.S.M.S hare 200

5) T.A.P.C.M.S Share 1000

6) P.W T.C.S 500

7) Kisan Vikas Patra 2400

8) DCC locker Facility 300

9) Kribco Share 10,000

10)District co- operation Trade

Association Share 5,000

11) DCC staff gratuty fund 15,000

12) NSC 2,000

Total Rs 19,52,432.92

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PROFIT AND LOSS A//C AS ON 31-3- 2006

Loses Rs Rs Profits Rs Rs

Interest of loans

Balance of lost Year

Interest paid on

deposits

Balance of lost year

Staff expenses

Administrative

expenses

current Year Bal

Members Insurance

Loan

Net Income

3321859

85000

626780

2967500

618806

3,31696

2751696

3535

6189949

3136859

9895682

Income and

Expenditure A/c

Income Side

Govt assistance to

members

2005-06 trade profit

Hokubaki Fund

Interest of deposits

9258408

200663 9057745

23508.08

1610568

2340720.0

Total 13032541.08 Total 13032541.08

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CHAPTER 5

DEPOSIT SCHEMES AND CREDIT FACILITIES IN

S.K.V.S.S.B.

Deposit schemes

Introduction

Types of deposits

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DEPOSIT SCHEMS AND CREDIT FACILITIES IN

S.K.V.S.S.B

Deposit scheme

Deposit constitute the main source of S.K.V.S.S.B .

The society receives deposits from the customers on

various accounts . They are as follows:

Savings A/C

Kasaba nitya nidhi deposit

shi nagadu deposit

Kalapavruksha deposit

Bhavishyanidhi deposit

Bhadhrata deposit.

1. Saving A/C:

This account is generally opened by all members of

the society. In this account, the depositor can deposit

money at any time. Minimum amount to open S.B.A/c is

Rs 250 /- and at present interest offered by the society

on such deposits is 5%.

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2.Kasaba Nitya Nidhi Deposit:

The business class, petty shop owners ect.,

generally opens this account, in this a/c the depositor

can with draw money at any time. There is no interest

offered by the society on this account. Minimum amount

to open a Kasaba NItya NIdhi A/c is Rs 250/-

3.Kasaba NIghadi A/c

The society accepts kasaba Nighadi A//c deposits

from its members . The maximum period of this deposit

is 3 years. The rate of interest offered by the society

various from 8% to 9% i.e, up to one year. The rate of

interest is 9% P.a and above one years the rate of

interest is 8% p.a.

4.Kalpavruksha Deposit:

It is also known as cumulative deposit. The

maximum period pf this deposit is 3 years. The rate of

interest offered by the society various from 8% to 9% p.a

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i.e,, deposit for up to one year, the rate of interest is 9%

p.a. and deposit for above one year, the rate of interest

is 8% p.a. Quarterly accrued interest on such deposit will

be added to the principle amount

5 Bhavishyanidhi Deposit:

This deposit is also called as cumulative deposit.

The maximum period of this deposit is 3 years. The rate

of interest offered by the society varies from 8% p.a to

9% p.a.i.e,; deposit for up to one year , the rate of

interest is 9% p.a. and deposit for above one year. The

rate of interest is 8% p.a.

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CREDIT FACILITATES IN S.K.V.S.S.B

INTRODUCTION

TYPES OF CREDIT PROVIDED BY THE SOCIETY.

CREDIT FACILITATES OF S.K.V.S.S.B

The S.K.V.S.S.B provides loans and advances to its

member. The society provides credit facilities both to

regular members and nominal members. The society

deploys its funds by the great of loans and advances to

its members depend upon their needs.

The loan is given according to the purpose for which

the loan is required and the resources where from the

borrower is expected to repay have also an important

bearing not only on society liquidity, by its desirability

too. If the loan is required for non productivity and

speculative purpose, the society should think twice

before entertaining the proposition.

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TYPES OF CREDIT PROVIDED BY THE SOCIETY:

The various types of credit facilities provided by this

society are given below:-

Kisan Credit Crop loan

Kalpavruksha Deposit loan

Shiv nagadi Deposit loan

Vehicle loan

Gold Ornament loan

Business deposit loan

Kasaba Nithy Nidhi loan]

Wage based loan

Animal Husbanding loan

Cloth loan

1.Kissan credit loan :-

This loan is provided by the society to its members

on their own responsibilities without interest for a start

period. It provided self loan to its members without

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interest up to 5000 with 15 % rate of interest. This loan is

repayable in 100 installments.

2.Kalpavruksha deposit loan

Kalpavruksha deposit is a loan provided by the

society to its members on the security of other members.

It provides loan amounting into Rs, 20,000/- for a

member. For member family which does not have

permanent property. It provides loan amount at Rs.

30,000/- and for the members family which have

permanent property it provides loan up to Rs, 80,0000

the rate of interest in both the cases will be minimum

16% and maximum 18%. The member can repay this

loan in 100 installments.

3.Shiv nagadu deposit loan:

This loan is given to small farmers for the

improvement their loans. The maximum amount of loan

given is Rs. 5000/- and maximum limit Rs 1,00,000/- .

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The repayment period is limited to 12 monthly

installments. The interest charged is 17%.

4. Gold Loans:

Gold loan is a loan; Gold loan is a loan provided on

the security of gold armaments. The society provided the

loan against the gold armaments for a maximum amount

of Rs ,1,00,0000. The loan is given on the basis of 60% of

the appraiser value of the gold. The rate of interest

charged is 17%.

5. Recovering deposit loan

The society provides loan to its members as the

security of deposits made by them. Thus loan is given on

the basis of amount deposited by the members. The loan

is given tot he extent of 90% of the deposit amount. The

rate of interest charged as loan is one rupee more then

the interest given for that fixed deposit.

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6 Kasaba Nithya Nidhi

Kasaba Nithya Nidhi loan is a loan given on the

security of building owned by its members. The minimum

loan amount is Rs 40,000/- and maximum up to Rs.

150000/-. The rate of interest charged is 17%. It also

given subsidy at 3% a rate of interest. On prompt

payment of loan.

7. Wage based loan:

Wage based loan is a loan provided to its members

on the security of member's house property. The society

provides maximum amount of house loan up to 5 lakhs.

This loan is also provided to purchase a new house. The

rate of interest charged by the society is 17%. The

society gives subsidy at 3% in rate of interest for prompt

repayment of loan.

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8. Animal husbandry loan:

Provides for all members of the society having own

agriculture land.

9. National saving Certificate Loan:

The society provides a loan to its members on the

security of national saving certificate. The loan is given

on 70% of face value of the national saving certificate.

The rate of interest charges by the society is 17%.

10. Vehicle Loan:

Vehicle loan is a medium and long term loan.

Vehicle loan is provided on the security of two wheeler

and three wheeler and four wheelers vehicles.

The society provides the vehicle loan 75% of the

invoice price of the vehicle. It is repayable in 60 monthly

installment w3ith 17% rate of interest for 4 wheeler and

40 monthly installments with 17% rate of interest for 3

wheelers.

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CHAPTER 6

FINDING THE SURVEY

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FINDINGS OF THE SURVEY

For the purpose of conducting the survey.

Questionnaire are prepared and distributed to the

selected customers to collect their opinions about various

aspects of the society. For the purpose of survey. The

total 100 respondents have been interviewed those who

have regular contact with the society.

The customers are selected on the basis of gender,

occupation income and so on.

The data collected during the survey is analyzed by

using statistical tools like average percentage, graphs

etc.

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ANALYSIS OF SURVEY

1. Table showing distribution of respondents on the basis

of their age group:

Age Male Female No. of Respondent

s

Percentage

18-25 12 6 18 18%26-35 22 4 26 26%36-60 36 6 42 42%

60 &above

10 4 14 14%

Total 100 100%

In the above table, response obtained from the

respondents of the age group between 18-25 and also

60 and above is not so effective. The opinion of the age

group between 26-35 is considerable and the opinions of

the age group between 36 60 years have good

suggestion. Since, respondent of the same age group 36-

60 residing at the same area where, the society is

situated and they have got regular contact with the

society.

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As we know that, age group of 60's age is known as

senior citizens of the country. If society, provides them

better services then it could have more number of

customers in that age group . In case, age group of 18-25

customers hence their percentage could be improved. If

they found job or remunerative work at the earliest time.

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2 Table showing distribution or respondents on the basis

of their occupation:

Occupation Number of

Respondents

Percentage

Business 48 48%Employees 30 30%Others 22 22%

Total 100 100%

Out of 100 respondents, the last category

respondents include a varied occupation including house

wives, and have given a good response. Where as,

businessmen and employees have given remarkable

suggestions.

Society provides, number of benefits to the

businessmen and job holders. Hence, their ratio is high

comparing to other respondents and it is recommend

that, if society extend its services to other customers

then definitely, there could be number of housewives and

other customer can get the benefit of the societys

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Diagram showing classified of respondents on the basis

of their occupation:

73

Business

48%

Employees

30%

Others22%


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3 Table showing classification of respondents on the

basis of their income (per month):

Income

(per month)

Number of

Respondents

Percentage

Below 5,000 54 54%5,000- 20,000 36 36%20,000 and above 10 1`0%

Total 100 100%

Among 100 respondents interviewed, income up to

Rs,20,000 and above shows negligible. The opinion of

income group people 5,000- 20,000 is considerable and

the income of up to 5,000 is so effective.

With the above finding we can say that, the high

income group people to whom loans from other (banks)

are available, are not getting much benefit from the

society. And it is low income group people who are more

benefited out of it.

Diagram showing classification of respondents on the

basis of their Income (Per Month)

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75

54

36

10

0

10

20

30

40

50

60

Below 5,000 5,000- 20,000 20,000 and above


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4. Table showing different types of deposit

schemes of respondents:

Deposits Schemes Number of Respondents

Percentage

Savings A/c 25 25%K.N.N A/c 6 6%Kasabha Nidhi A/c 4 4%Kalpavruksha Deposit 16 16%Monthly KalpavrukshaDeposit

4 4%

BhavishyanidhiDeposit

21 21%

Bhadratha A/c 4 4%Pigmi A/c 4 4%NSC Deposit 8 8%Recounting 8 8%

Total 100 100%

From the above table, it is clear that, the S.K.V.S.S.B

accepts savings and Bhavishyanidhi deposits more than

other types of deposits. After, Kalpavruksha deposit

occupies the major part.

It is advisable for the society, to make proper

advertisement to attract customer to those schemes,

which are performing at poor level.

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5 Table showing general opinion of respondents

towards the rate of interest on deposits:

Opinions Numbers of Respondents

Percentage

Attractive 28 28%Satisfactory 50 50%Not- Satisfactory 10 10%

Not Applicable 12 12%Total 100 100%

50% of the respondents have given their opinion

that; the interest offered by the society on deposits is

'satisfactory'. 10% and 12% of the respondents have

given not applicable suggestion and not satisfactory

suggestion. 28% of the respondents have opinioned that

the rate of interest on deposits is "attractive".

The customer who have deposited their money in

the society for the long period, they have got maximum

benefit by means o interest, contrary to this, the

customer who have deposited their amount for the short

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period, they are not satisfied about interest rate of the

society.

Diagram showing general opinion of the respondents

towards the rate of interest on deposit

78

28

50

10

12

0

5

10

15

20

25

30

35

40

45

50

Attractive Satisfactory Not- Satisfactory Not Applicable


79/104

6. The above showing the general opinion of the

respondents towards working and management of the

society:

Opinions Number of Respondents

Percentage

Excellent 39 39%Satisfactory 55 55%Not Satisfactory 6 6%

Total 100 100%

From the above table, it shows that 55 persons have

responded that, the working and management of the

society is satisfactory. 39 persons have responded that,

the working management of the society is excellent.

Therefore, only respondents have responded that, the

working and management of the society is not

satisfactory

It is advisable for the society, to maintain and give

more and more service to its customers. Therefore,

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management should take necessary steps to identify the

needs and wants of its customers.


towards the working and management of society.

80

39

55

6

Excellent Satisfactory Not Satisfactory


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7. Table showing general opinion of the respondents

towards punctuality of staff members.

Punctuality of

Staff Members

Number of

Respondents

Percentage

Satisfactory 88 88%Not-Satisfactory 12 12%

Total 100 100

From the above table, it is clear that, 88 percents

have given satisfactory opinion about the staff of the

society and 12 respondents have given not satisfactory

suggestions(Remarks).

Hence in future, the society should provide optimum

services to its customers for creating good opinion in the

minds of its customers.

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Diagram showing general opinion of respondents towards

punctuality of staff members:

82

Satisfactory

88%

Not-Satisfactory

12%


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8 The above table shows the different types of loans

borrowed by the respondents:

Types of loan Number of

Respondents

Percentage

K.C.C loan 4 4%Shivanagadu 30 30%Kasaba Nithya

Nidhi

10 10%

Gold loan 8 8%Recurring deposit 6 6%Loan 16 16%N.S.C Loan 2 2%House loan 2 2%Cloth loan 4 4%Not- Applicable 18 18%

Total 100 100%

According to the survey, the majority of the

members have taken joint loan and building loan. 18

respondents have given not applicable response, due to

unawareness about the loan facility of the society. 10

respondents have taken business loan and 8 respondents

have taken jewellary loan, 4 respondents have taken

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self-loan, vehicle loan, 2 respondents have been taken

N.S.C and house loan.

Thus, the society should take measures to provide

more loan facilities and awareness of its customers

towards facilities.

9. Table showing general opinion of the respondents

towards the loan procedure:

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Opinion Numbers of

Respondents

Percentage

Simple 46 46%Not-so tedious 30 30%Very-tedious 6 6%Not-Applicable 18 18%

Total 100 100%

From the above table, 6 respondents have given

opinion that loan procedure is very tedious. 18

respondents have given not applicable suggestion and 30

respondents have given not so tedious response and 46

respondents have opinion that loan procedure is simple.

This is to be suggesting that, the society should

simplify its loan procedure and formalities to understand

the customers easily.


towards the loan procedure:

85

46

30

6

18

0

5

10

15

20

25

30

35

40

45

50

Simple Not-so tedious Very-tedious Not-Applicable


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10 Table showing general opinion of the respondents

towards the rate of interest on loans:

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Opinions Number of

Respondents

Percentage

Attractive 44 44%Satisfactory 38 38%Not-Satisfactory 18 18%

Total 100 100%

The survey is conducted for 100 respondents,

towards the rate of interest on loan. Group 1 and 2 give

considerable response an 18 respondents have given not

applicable suggestion.

It shows from the above survey that, the rate of

interest charged on the loan is affordable and customers

are satisfied with this rate to get maximum loan facilities

as and when required. The negligible portions of

customers are not satisfied due to unawareness about

loan facilities.


towards the rate of Interest on loans:

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88

Attractive

44%

Satisfactory38%

Not-Satisfactory

18%


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11 The above table shown the opinion of the respondents

towards the service of the society:

Opinion Numbers of

Respondents

Percentage

Good 38 38%Excellent 20 20%Satisfactory 36 36%Not- Satisfactory 6 6%

Total 100 100%

From the above table, it shows that respondents

have responded that the service provided by the society

is excellent. 36 persons have responded that, the service

given by the society is satisfactory. And 38 respondents

have responded that service given by the society is good.

It is advisable for the society, to give more

importance to the customers who have not satisfied with

present society services and their opinion has to be

collected at the annual general body meeting.

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CHAPTER -7

PROBLEMS SUGGESTIONS AND CONCLUSION

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MAJOR FINDING OF THE SURVEY

The major findings of the survey are:

Major number of respondents comes to know that

about the society through society's advertisement. It is

well and good that some respondents have through

friends and from neighbors.

More Number of respondents has expressed their

opinion that, the rate of interest charged on advance is

considerable .Where as, rate of interest on deposit is

low. But, some have opinion that rates of interest

charged on advance its high. At the end borrower have

good opinion about process involved in availability of the

loan.

Most of the numbers have given their opinion that

response of the society. The service provided by the

society is satisfactory.

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From the survey, it is observed that, the members

have a good opinion in their minds regarding the service

provided by the society. Therefore, it is advisable for the

society, to maintain excellent services in the future and

give more and more services to its customers.

The management of the society had administered

lot of services and deposit schemes to its customers.

When the customers face any problem that can be

solved by the management at the earliest time.

At the annual general body meeting , number of

discussion was held and problems were solved with the

help of existing management setup. Hence, it is said

that, S.K.V.S.S.B as an excellent management and its

staff.

PROBLEMS SUGGESTIONS AND CONCLUSION

Problems and suggestions:

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While the survey was conducted the customers of

S.K.V.S.S.B complained about a number of problem, they

are as follows:

1 Lack of Staff

Staff is an essential element in providing facilities

to the members. While getting the response. The

customers have made complaint about scarcity of staff.

The management should take necessary steps to appoint

more employees to fulfill the needs of the customers.

This may result in reduction of burden of the employees.

There fore management should make arrangement for

staffing in the society sufficiently.

2 Rate of interest on Deposits:

The society should take necessary steps to increase

the rate of interest offered on deposits.

3.Enquiry Counter

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Facilities are known to the members through

publicity and wide turnover, but unfortunately, society

has a number of illiterate and innocent members for

them, enquiry counter is essential to know about the

society's facilities.

4. Complaint Box :

Sometimes, members can highlight their

grievances about the translations of the society through

complaint box. There fore the management should take

necessary steps to provide complaint box to the

members for solving their problems.

5 Simplification of loan procedure:

Only the educated and business knowledgeable

persons understand the procedure of sanctioning the

loan. It creates problems to a common man. Hence, it

should be simplified with minimum risk.]

6 Interest On Loans:

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Total disbursement is an indication of solvency of

the society with minimum rate of interest, but in

S.K.V.S.S.B. the rate interest charged on loans is

comparatively high. As for as possible the society should

reduce the rate interest on priority sector and it is

advisable for the society to get some amount of income

from other facilities. That means the society should

invest its funds in profitable ways.

7 Locker Facilities :

The society should provide lockers facilities to the

members with minimum locker commission.

8 New Loans and advance Schemes:

During the survey, some of the customers opinioned

that, the types of loans are few. There fore the society

should take necessary steps to increase its loan facilities

to building construction. Loan on Jewell Aries and other

valuables, which are put at society locker. This

encourages the needing people to get more facilities.

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9 Branch Expansion:

Since inception of the society, the members have

been increasing due to its handsome facilities. Hence,

the membership has been overflow and it has proved

more work to the staff members. With the help of

opening one more branch, over flow can be minimized.

10 Lack of current A/C Facility:

Large numbers of society borrowers are related to

business class and petty shop owners. They are very

much interested in opening the current a/c facilities for

their day to day transaction. Therefore, it is advisable for

the society to improve current a/c scheme for the benefit

of its customers.

11 Use of mechanical devices:

Improvement should be made in accounting

software even through; the society has made a milestone

in introducing "Kannada " as a medium in computers.

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CONCLUSION

"A co operative society is a form of business

organization in which financially weak persons voluntarily

associate together as human beings on the basis of

equality of opportunity and control, equality of

distribution of profits an mutuality for the promotion of

their common economic interests".

Democratic management is the fundamental

principle of a co- operative society. As a co operative

society operates on a local scale, generally, all the

members must attend the meetings since in the

meetings the policies, which promote common interest,

are laid down.

The study was under taken with an objective to

analysis working and management of S.K.V.S.S.B. and to

know how the society satisfies the credit needs of its

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members. The study was also made about how best the

members utilize the credit schemes of the society.

Suggestions have been given for improving the

working conditions of the society. The study reveals that

the society has fulfilled the objectives for which purpose

it was set up.

From one year to another year, the society has

gained more and more profit and has economic progress.

The society has worked a lot for the upliftment of the

poorer class of people to come forward . It has been

observed that recovery of loan is more than expected. It

has been strengthening the financing position of the

society and its member's financials soundness. The

recovery of loans is very much satisfactory.

At the same time, the borrower member should also

assist in improving society's performance by proper

repayment of loans borrowed. This helps not only the

society, but also the members themselves. Therefore, it

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can be calculated that, the society has fulfilled "EACH

FOR ALL AND ALL FOR EACH" principle ( co opera ration)

and the society can flourish better by proper co-

operation of director's and its valuable shareholders

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ANNEXURE

Questionnaire

Bibliography

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QUESTIONNAIRE

SHIMOGA KASABA VYAVASAYA SEVA SAHAKARA

BANK

1. Name: .............

2. Age : 18-25 [ ] 26-35 [ ]

36.60 [ ] 60 and above [ ]

3. Sex: Male [ ] Female [ ]

4. Occupation:

Business [ ]

Employee [ ]

Others [ ]

5. Annual Income:

Upto 5000 [ ]

5000-20000 [ ]

20000 above [ ]

6. Are you member of Kasaba Vyavasaya Bank ?

Yes [ ] No [ ]

7. Do you have any A/c in the Kasaba Bank ?

Yes [ ] No [ ]

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8. If yes what type of A/c are you having ?

Saving A/c [ ]

Kasaba Nitya Nidhi A/c [ ]

Shiv Nagadu A/c [ ]

Kalpavruksha A/c [ ]

9. Interest payable on you deposit by society is :

Attractive [ ]

Satisfactory [ ]

Not satisfactory [ ]

10. What is your opinion about working at bank?

Excellent [ ]

Satisfactory [ ]

Not- Satisfactory [ ]

11. What is your opinion about members at the society?

Satisfactory [ ]

Not Satisfactory [ ]

12. Have you taken loan from the society

Yes [ ] No [ ]

13. If yes, what type of loan?

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Kisan Crerdit loan [ ]

Shiva Nagadu paper loan [ ]

Kalpavuksha deposit loan [ ]

Others [ ]

14.How did you come to know about loan facility?

Friends [ ] Relatives [ ]

Society advertisements [ ] others [ ]

15.Interestcharge on loans

Attractive [ ] Satisfactory [

]

16 The process involved in granting loan is

Simple [ ] Not so tedious [ ]

Very tedious [ ]

17. Do you prefer any new deposit and loan schemes?

Yes [ ] No [ ]

18. If yes, why?..

19. What is opinion services at the bank?

Good [ ] Satisfactory [ ] Excellent

[ ]

Not Excellent [ ]

20. Any other particular suggestions?

Date :. Signature.

Place .

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BIBLIOGRAPHY

Indian Economics

: Agarwal

Business organization

: B.S Raman

Oxford Encyclopedia

Britannica encyclopedia

Annual Reports of the Society

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Kasaba Co-operative Socity

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