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Virajpet, Sep. 10: Divya Jyoti Pattina Cooperative Society has earned a net profit of Rs 14.32 lakhs in the year 2024-25, said the association's president Cyril Moras. Speaking after presiding over the general meeting of the association for the year 2024-25, he said that the association has a share capital of Rs 67.14 lakhs as on 31-03-2025, has collected various deposits of Rs 25.54 crores, has refunded deposits of Rs 24.36 crores and has deposits of Rs 8.91 crores. Also, a total of Rs 6.83 crores have been disbursed in the year 2024-25 and Rs 5.68 crores have been recovered, leaving an outstanding loan of Rs 7.47 crores at the end of the year. He informed that a 10% dividend has been declared for his members in the reporting year.
During the reporting year, 91.04% of the loans have been recovered in the association, most of the members are repaying the loans they have taken, and since the depositors can only repay their deposits if all the members repay their loans, he called on them to repay the loans without delay. The association collects unsecured deposits, pigmy deposits, savings deposits, thrift deposits, etc., and provides bail loans, pigmy OD loans, mortgage loans, jewelry loans, vehicle loans, salary loans. The association also provides e-stamp, NEPT, RTGS facilities, and members requested them to make good use of them.
Senior members and achievers of the association Joaquin Vas, Dr. Josey Pereira and Advocate C.T. Joseph were felicitated in the meeting. The children of the association members who passed SSLC and PUC with more than 90% marks were felicitated and honored.
The association's Vice President Anthony Clement welcomed the gathering and Director Benedict Saldana prayed. S.M. De Silva proposed the vote of thanks.
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