.jpeg)
Madikeri, Sep. 18: The 2024-25 General Meeting of the Nagar Mahabodhi Pattina Cooperative Society was held under the chairmanship of President S.C. Satish. A total of Rs. 9,62,488.00 was collected from the members and Rs. 3,26,500.00 from the government, totaling Rs. 12,88,988.00 as share money. There are a total of 1,444 members in the society. The total share money collected has been deposited in the Kodagu District Central Cooperative Bank.
During the reporting year, the society has collected various deposits of Rs. 11,85,758.00 and has given Rs. 23,49,551.00 as collateral. The society will provide a death fund of Rs. 3 thousand to the members and Rs. 500 contribution from each member. So far, a total of Rs. 49,500.00 has been collected. s have been collected. Of this, 9500 and 2% of the loan amount. Life insurance is deducted.
So far, a total of Rs. 58,088.00 has been collected for life insurance. Rs. 39,172.00 has been written off for loans taken by members who died while having loans in the association. During the reporting period, the association has made a profit of Rs. 1,03,216, informed President Satish. The meeting was attended by the office bearers and members of the association.
