The Cooperative Thrift & Credit Societies are organized and formed with the
aim and objects to cater the financial needs and socio-economic development of
its members. The services of these societies are focused to save the financial interest
of its members as well as save them from the harassments and exploitation of the private
money-lenders on the one hand. On the other hand, it creates a sense of self help through
mutual help amongst its members as well as encourages them to unite and create a habit
of savings for their future needs.
Cooperative societies are socio-economic organisation formed for common
benefit of the members under the legal provisions of the concerned state.
Aim and objects of the society may be different form society to society. Main
purpose of these societies is socio-economic development of the weaker section.
The Sahu Cooperative Urban Thrift & Credit Society Ltd.
is a cooperative credit society registered with the Registrar,
Cooperative Societies, Delhi bearing registration no. 6(T/C)N-East
dated 23 October, 1994. This society runs under the provisions of
Delhi Cooperative Societies Act, 2003, Delhi Cooperative Societies
Rules, 2007, its registered byelaws and business policy framed by the
General Body of the society. The aim and objects of the society are to
undertake thrift & credit business amongst its members only. The society
caters not only financial needs of its members, but also works for social,
cultural and educational development of the members and their dependants.