Credit cooperative society registration in Delhi

To promote the self-sufficiency of society there are groups of individuals who work on it. When so many individuals execute the motives for the development of well being of society it is known as Credit Co-operative Society. These cooperative societies are formed for the development of society. Keep on reading to know about credit cooperative society registration in Delhi.

A credit cooperative society is formed to provide credits to its members in times of need. Generally, there are two kinds of credit cooperative societies i.e, Agricultural Credit Society and Non-Agricultural Credit Cooperative Society. 

Agricultural Credit Society is formed in villages to provide resources and loans to local artisans and farmers and non-agricultural credit society is formed to provide individual loans for other purposes. The non-agricultural credit societies are mostly formed in urban areas.

• Visit the website https://mscs.dac.gov.in/Default.aspx.

• Go to the 'MSCS-MIS' tab.

• Click on 'New User'

• Fill in all the information required. Also fill out the details of MD, Chairman, Vice Chairman and other officers. PAN information should be entered too.

• After this, you will receive an OTP in your mail.

• Now you can log in with your username and password for registering the Credit-Co-operative Society.

• Details of members in the society including their date of birth proof. Registration can be done with a minimum of 50 members.

• Copies of PAN Card and Aadhar Card attested by the society's promoter.

• Certificate from the National Bank as proof of the formation of society

• Financial statement of past three years in case the cooperative society is not older than 3 years.

• Bye-Laws of society attested and presented by the promoter.

I hope you know what is the process of credit cooperative society registration in Delhi.

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