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Social Activities |
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Members Death Relief
Scheme |
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Due to sudden death of a
Society Member, there is a sudden impact on his/her
family members, due to the closed income sources. Also
due to the deduction of his/her balance society loan
if any from PF or Gratuity the amount receivable by
his/her family members is insufficient. |
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Considering all the above mentioned aspects, Death
Relief Scheme was implemented by the society after
prior approvals in AGM & commissioner of Co-operative
Department. |
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Those who are members of this scheme, an amount of
Rs.1200/- gets deducted on annual basis term from the
interest of their Member Subscription A/C and from
new members Rs.100/- deducted on monthly basis. |
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Also on the overall cumulative balance a minimum 4%
p.a interest. will be given by the Society, this year
8% p.a interest was given by society. |
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Out of this amount a cheque of Rs.7,00,000/- is given
to legal nominee of the death person from this scheme. |
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Balance as on
31-03-2014 |
18,882,399 |
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Addition During
the Year
April 2014 - March 2015 |
4,721,310 |
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Interest Paid
by
Society |
1,249,924 |
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Amount paid to Nominee April 2014 - March 2015 |
7,800,000 |
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Amount Returned
to Retired Members |
87,770 |
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Balance as on
31-03-2015 |
16,965,863 |
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Educational Felicitation Prize Distribution |
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Since
the last 13 years
Siemens Employees’ Multistate Co-Operative Credit
Society Ltd. has been
conducting Educational Felicitation Programme for the
students of std. 5th to 10th & for all the faculties
of std 12th |
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Students of std 5th to 7th
are awarded Rs.800/-; Students of std 8th & 9th are
awarded Rs.1000/-. Students of std 10th are awarded
Rs.1200/-Students of std. 12th are awarded Rs. 1500/- alongwith certificate. Morever the
students who score highest marks in their respective
standards are awarded special prizes and gifts. |
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We believe that such
programmes encourage the students and motivate them to
perform better to achieve such glorious success every
year. |
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26
July,2005 was indeed devastating day for the whole
mankind. Many members
of Siemens Employees’ Multistate Co-Operative Credit
Society Ltd. were adversely affected. So
as a duty towards mankind Siemens Co-Credit Society
decided to grant flood relief loan with lower rate of
interest @ 7% p.a. up to Rs. 1,00,000/- |
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This resolutaion was
sanctioned as a special case by commissioner of
Maharashtra co-op. society, Pune. This scheme was
successfully carried out under the supervision of
siemens management & workers union. |
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w.e.f 29/07/12 |
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In
this scheme Rs.10,000/- paid to a member as a
Gift., those who is retiring from services, &
continuous 15 years membership with Credit Society. |
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