FAQ

Under which law does Sanjivani Credit Cooperative Society operate?

Sanjivani Credit Cooperative Society operates under the Multi State Cooperative Society Act, 2002.

Where is the Registered Office of Sanjivani Credit Cooperative Society?

Sanjivani Credit Cooperative Society registered Office is in Rai Colony, Barmer, Rajasthan.

What are the limitations of Sanjivani Credit Cooperative Society?

The business of Sanjivani Credit Cooperative Society is limited to the state of Rajasthan & Gujrat.

What is the designation of the major officer in Sanjivani Credit Cooperative Society?

The designation of the major officer in Sanjivani Credit Cooperative Society is Chief Executive Officer (CEO).

How does Sanjivani Credit Cooperative Society operate?

Sanjivani Credit Cooperative Society operates in Rajasthan and Gujrat through its 460 branches and their regional workers.

What is the main objective Sanjivani Credit Cooperative Society?

The main objective of SCCSL is to empower the economic weak section of the society by providing different Financial schemes and loan facilities.

How does Sanjivani Credit Cooperative Society use the deposited funds?

Sanjivani Credit Cooperative Society uses the deposited funds by giving loans.

Does Sanjivani Credit Cooperative Society do transaction with common people?

Sanjivani Credit Cooperative Society does not do any transaction with common people.

What is the current workforce of Sanjivani Credit Cooperative Society?

The current work force of Sanjivani Credit Cooperative Society is 1500 employees.

What are the facilities provided to the employees of Sanjivani Credit Cooperative Society?

Sanjivani Credit Cooperative Society gives Employee Provident Fund (EPF), Insurance and employee welfare funds to its employees.

What are the arrangements of education and training in Sanjivani Credit Cooperative Society?

Sanjivani Credit Cooperative Society runs a training centre in Jodhpur which was established on 23.06.14

What is the security of the funds deposited in Sanjivani Credit Cooperative Society?

Under the society act Sanjivani Credit Cooperative Society keeps 10% of the total deposit in Share Reserve Fund. It is clearly mentioned in the society audited balance sheet.

How can Sanjivani Credit Cooperative Society give higher rate of interest?

Credit cooperative society does not have to pay Statutory Liquid Ratio (SLR) nor Cash Reserve Ratio (CRR) thus 80 -90 % of total deposits can be reinvested in loans and schemes. Society does not have to pay income tax as well so it maintains a cost effective and financial discipline.

How does Sanjivani Credit Cooperative Society reduce the risk of deposits?

Sanjivani Credit Cooperative Society invests its fund in small loans in which the risk is always minimum.

Why are depositors encouraged in Sanjivani Credit Cooperative Society?

Sanjivani Credit Cooperative Society encourages its depositors to save and treats it as their moral duty. It also encourages to reconstruct their assets and helps them grow in their financial expectations.

How are the deposits in Sanjivani Credit Cooperative Society unique and safe?

The slogan of Sanjivani Credit Cooperative Society ‘We Care Your Trust’ is enough to speak about its uniqueness and safety. Member and employees being from the same field have mutual contacts and ultimate trust amongst them, thus the deposit in the society is unique and safe.

Is there an inquiry by any independent agency or Government department other than the Management of Sanjivani Credit Cooperative Society?

Every year Sanjivani Credit Cooperative Society annual financial audit is done by a chartered accountant who is an independent agency and inspection is done from time to time by Central Registrar and Registrar of State.

Why should you invest in Sanjivani Credit Cooperative Society?

The major attraction for investing in Sanjivani Credit Cooperative Society is the high rate of interest and the trust and services of the employees of the society. Timely payment of deposit schemes as well as easy availability of loans as per requirement are the different reasons of why you should invest in Sanjivani Credit Cooperative Society.