CREDIT COOPERATIVE

COOPERATIVE CREDIT STRUCTURE

The Co-operative credit structure is a major credit delivery system with a vast network covering the entire State.It caters to the credit needs of the people at an affordable interest rate.Rural people have more access to these Co-operative Credit Institutions for their credit requirements.

The Cooperative Credit Institutions in Tamil Nadu are broadly classified into four distinct categories namely, Short Term Cooperative Credit Structure, Long Term Cooperative Credit Structure, Urban Cooperative Credit Structure and Employees Cooperative Thrift and Credit Societies.

1.Short Term Cooperative Credit Structure

The Short Term Cooperative Credit Structure is a Federal Structure comprises Primary Agricultural Cooperative Credit Societies at Village level, Central Cooperative Banks at Inter-mediate level and Tamil Nadu State Apex Cooperative Bank at State level.

1.1 Primary Agricultural Cooperative Credit Societies(PACCS)

Primary Agricultural Cooperative Credit Societies play a vital role in fulfilling the credit needs of the rural population at grass root level. There are 4,451 Primary Agricultural Cooperative Credit Societies functioning in the State. The main objective is to provide agricultural and non-agricultural credit in rural areas. Agricultural credit includes KCC loans and loans for allied agricultural purposes like purchase of farm machineries, micro irrigation, purchase of milch animals etc. Non Agricultural credit includes loans for housing, income generating activities of Self Help Groups and other Non-Farm Sectors. These societies undertake distribution and sale of agricultural inputs like fertilizers, seeds and other agricultural inputs. In addition, Fair Price shops are being run by Primary Agricultural Cooperative Credit Societies. The District wise details of number of PACCS in the State is given below.

S.No Region No. of PACCS Branches
1 Ariyalur 64 1
2 Coimbatore 137 11
3 Cuddalore 159 0
4 Dharmapuri 131 2
5 Dindigul 195 0
6 Erode 164 3
7 Kanyakumari 115 8
8 Karur 84 0
9 Krishnagiri 120 3
10 Nagapattinam 122 6
11 - 0 0
12 Perambalur 53 1
13 Pudukottai 136 1
14 Ramanathapuram 131 3
15 Salem 205 36
16 Sivagangai 125 3
17 Thanjavur 243 6
18 Theni 80 0
19 Thirunelveli 158 2
20 Thiruvallur 122 1
21 Thiruvannamalai 157 0
22 Thiruvarur 137 6
23 Thoothukudi 150 11
24 Tiruchirapalli 146 0
25 Tiruppur 182 4
26 Vellore 167 10
27 Villupuram 235 6
28 Virudhunagar 180 8
Total 3898 132

The performance of Primary Agricultural Cooperative Credit Societies during the last five years is given below.

Amount (Rs. in crore)
S.No Details Deposits Loan disbursement
1 2019-20 6,657.61 22,746.86
2 2020-21 7,131.35 28,276.17
3 2021-22 7,522.00 17,806.57
4 2022-23 7593.54 28549.89
1.2 Central Cooperative Banks(CCBs)

There are 23 Central Cooperative Banks functioning in the State. They extend credit and banking support to all affiliate cooperatives such as Primary Agricultural Cooperative Credit Societies (PACCS), Consumer Cooperative Societies, Agricultural Producers Cooperative Marketing Societies, Cooperative Sugar Mills, Weavers Cooperative Societies, Employees Cooperative Thrift and Credit Societies, Cooperative Spinning Mills etc.These banks raise resources through public deposits, borrowings and refinance from Tamil Nadu State Apex Cooperative Bank and NABARD. These banks have 908 branches which are located mostly at Taluk / Block level and extend banking services directly to the public through these branches.The details of number of branches of CCBs is given below.

S.No

Name of the Central Cooperative Bank

District of Operation

No.of Branches

Total No.of Branches
1

Chennai

Chennai

71

71
2 Coimbatore

Coimbatore

29

38

Tiruppur

9
3 Cuddalore

Cuddalore

32

32

4

 Dharmapuri

Dharmapuri

21

43

Krishnagiri

22

5

 Dindigul

Dindigul

34

34

6

 Erode

Erode

27

35

Tiruppur

8

7

 Kancheepuram

Kancheepuram

9

52

Chengalpattu

20

Thiruvallur

23

8

 Kanyakumari

Kanyakumari

25

25

9

 Kumbakonam

Nagapattinam

9

44

Mayiladurai

11

Thanjavur

13

Tiruvarur

11

10

 Madurai

Madurai

34

44

Theni

10

11

 Nilgris

Nilgris

22

22

12

 Pudukottai

Pudukottai

26

26

13

 Ramanathapuram

Ramanathapuram

32

32

14

 Salem

Salem

45

74

Namakkal

29

15

Sivagangai

Sivagangai

32

32
16

Thanjavur

Thanjavur

25

30

Tiruvarur

5

17

 Thoothukudi

Thoothukudi

25

25

18

 Tiruchirapalli

Ariyalur

9

75

Karur

16

Perambalur

10

Trichirappalli

40

19

 Tirunelveli

Tirunelveli

17

33

Tenkasi

16

20

Tiruvannamalai

Tiruvanamalai

34

34

21

 Vellore

Vellore

17

42

Ranipet

12

Tiruppathur

13

22

 Villupuram

Villupuram

17

27

Kallakurichi

10

23

 Virdhunagar

Virdhunagar

38

38

Total

908

908

All these 23 Central Cooperative Banks are functioning in current year profit and all the banks obtained banking license from the Reserve Bank of India.

The performance of Central Cooperative Banks is given below:

Amount (Rs. in crore)
S.No Details Deposits Borrowings
1 2018-19 28,792.35 6,324.87
2 2019-20 30,316.00 8,478.87
3 2020-21 31,927.28 6,729.60
4 2021-22 35,759.06 12,354.48
5 2022-2023 38,166.54 14233.98

Modern banking services provided by the CCBs:

  1. CORE Banking Solution (CBS)
  2. Electronic Fund Transfer facility – NEFT, RTGS
  3. Mobile banking
  4. SMS alert
  5. Rupay debit cards, Rupay Kisan Credit Cards
  6. ATMs
1.3 Tamil Nadu State Apex Cooperative Bank (TNSACB)

The Tamil Nadu State Apex Cooperative Bank is the federation of all the Central Cooperative Banks functioning in the State and it was established in the year 1905. It raises resources through public deposits, refinance from National Bank for Agriculture and Rural Development (NABARD). The Tamil Nadu State Apex Cooperative Bank is the pivot of Short Term Cooperative Credit Structure in the State. It provides finance to the needy Central Cooperative Banks for lending purposes. It also manages the surplus funds of the affiliated Cooperative Societies and provides expertise in funds management. Further, it renders direct banking services to the public through it’s 47 branches located in Chennai.  The details of the branches is given below.

S.No Branches
1 Head Office*
2 Adambakkam West
3 Adyar
4 Alwarpet East
5 Anna Nagar
6 Anna Nagar Extn.*
7 Anna Salai
8 Ashok Nagar*
9 Ayanavaram*
10 Besant Nagar*
11 Chetpet
12 Chintathiripet
13 Egmore
14 Jawahar Nagar*
15 K.K.Nagar
16 Kelleys
17 Kodambakkam*
18 Korattur*
19 Kottivakkam
20 Kotturpuram
21 Mandaveli
22 Methanagar
23 Mint Road
24 Mogappair East*
25 Mogappair West*
26 Mylapore Tank
27 Nugambakkam
28 Perambur
29 Periyamedu
30 Porur
31 Purasaiwalkam
32 Royapettah
33 Royapuram
34 Saidapet
35 Santhome
36 Sastri Nagar*
37 Shenoy Nagar
38 Teynampet
39 Thyagaraya Nagar*
40 Tiruvanmiyur
41 Triplicane
42 Valasaravakkam
43 Villivakkam
44 Velacherry
45 Washermenpet
46 West Mambalam
47 Alwarpet

*ATM Facilities Available

The Agricultural Cooperative Staff Training Institute (ACSTI) run by the Tamil Nadu State Apex Cooperative Bank conducts training programmes for capacity building of the staff of Central Cooperative Banks and Primary Agricultural Cooperative Credit Societies.

The Tamil Nadu State Apex Cooperative Bank continues to remain as a financially viable institution. The Tamil Nadu State Apex Cooperative Bank has been maintaining the Primary Cooperative Development Fund (PCDF) and Deposit Guarantee Fund (DGF).

The comparative performance of the Apex Cooperative Bank during the last five years is given below.

Amount (Rs. in crore)
S.No Details Deposits Borrowings Net Profit
1 2016-17 11240.46 2455.26 43.70
2 2017-18 8,305.54 2,844.19 81.83
3 2018-19 8,384.60 3,222.90 81.87
4 2019-20 11,081.93 4,199.40 82.15
5 2020-21 10,674.73 9,567.30 174.16

Modern banking services provided by the TNSACB:

  1. CORE Banking Solution (CBS)
  2. Internet Banking facility
  3. Electronic Fund Transfer facility – NEFT, RTGS, IMPS
  4. Mobile banking
  5. SMS alert
  6. Rupay debit cards
  7. ATMs
1.4. Credit services rendered by the Cooperative Credit Societies
  1. KCC Loan
  2. Loans to Joint Liability Groups (JLGs)
  3. Investment Credit for Agricultural and allied activities
  4. Produce Pledge Loan
  5. Financial Assistance to Self Help Groups (SHG)
  6. Loans to Differently Abled Persons
  7. Micro Credit to Petty Traders
  8. Women Entrepreneur Loan
  9. Working Women loan
  10. Other loans such as Professional loan, Maternity loan etc.,
  11. Other Services like Crop Insurance, Common Service Centres etc.,

2.Long Term Cooperative Credit Structure

Long Term Cooperative Credit Structure consists of 180 Primary Cooperative Agriculture and Rural Development Banks at Taluk /Block level and State Agriculture and Rural Development Bank at the State level. Long Term Cooperative Credit Structure cater to long term credit needs of farmers and others in rural areas.

2.1.Tamil Nadu Cooperative State Agriculture and Rural Development Bank(TNCSARDB)
a) Photo and Logo:
Logo:
Photo:
b)Origin:
  • ESTABLISHED ON 12.12.1929 AS “CENTRAL COOPERATIVE LAND MORTGAGE BANK LTD”
  • IN THE YEAR 1969, THE BANK NOMENCLATURE WAS CHANGED AS “TAMIL NADU COOPERATIVE STATE LAND DEVELOPMENT BANK LTD”
  • IN THE YEAR 1999, THE BANK NOMENCLATURE WAS CHANGED AS “TAMILNADU COOPERATIVE STATE AGRICULTURE AND RURAL DEVELOPMENT BANK LTD”.
c) Vision & Mission:
Vision:
  • Expansion of Branch Network
  • Funds Mobilisation – by way of Deposit /Borrowings
  • Reviving LT lending through PCARD Banks – by obtaining Government Guarantee.
  • Increasing Jewel Loan business at Region level & PCARD Bank level
  • Revitalizing weak PCARD banks with the help of PCARD Banks Assistance Fund maintained at SCARD Bank
  • Developing PCARD Banks as Multi-Service Co-operatives wherever feasible
Mission:
  • The object of the bank is primarily to lend Primary Development Banks
  • To mobilize Deposits
  • To afford PCARD Banks financial helps, Inspect and monitor them
  • Issue of Jewel Loan through Regional offices.
d) Membership:
  • 180 PCARD Banks Located at Taluk and Block level Primary Co-operative Agriculture and Rural Development Banks.
  • II. State Government
  • III. Chennai CCB
e) Development Initiative::
  • Government guarantee for Rs.100 Cr was sanctioned vide G.O.Ms.No.42 of Finance(L&A Dept) dated:12.02.2021 to restart its Long-Term Credit Lending operations from the year 2020-21 onwards.
  • Guarantee deed executed on 24.03.2021 and agreement with NABARD entered on 05.03.2021.
  • Due to the enforcement of Election code of conduct the loans could not be issued
  • This year request for 4 years block Govt guarantee commencing from 2022-23 for Rs.400 cr proposal was sent to Government on 19.12.2022.
f) Achievements:
Deposit Collection:

(Rs. In Crore)

Year

Fixed Deposit Mobilized

 Fixed Deposit Outstanding
2016-17 174.73 171.14
2017-18 170.48 156.97
2018-19 172.90 158.77
2019-20 173.60 162.58
2020-21 255.99 199.04
2021-22 206.56 196.39
Direct Jewel Loan:

(Rs. In Crore)

Year

Jewel Loan Issued

 Jewel Loan Outstanding
2016-17 233.78 157.58
2017-18 241.07 165.20
2018-19 278.41 189.46
2019-20 380.49 245.51
2020-21 443.15 309.45
2021-22 293.42 263.88
Refinance Jewel Loan to PCARD Banks:

(Rs. In Crore)

Year

Jewel Loan Refinanced to PCARD Banks

Jewel Loan Outstanding
2016-17 442.56 384.34
2017-18 461.15 398.02
2018-19 191.65 427.09
2019-20 611.46 567.35
2020-21 670.12 645.44
2021-22 470.91 484.48
Financial Status:

(Rs. In Crore)

Year

Net Profit

Owned Funds(Share Capital and Free Reserves)
2016-17 8.21 99.57
2017-18 10.44 118.93
2018-19 27.62 122.25
2019-20 34.40 123.17
2020-21 39.48 131.40
2021-22 40.18 134.04

S.No

Extension Counters

1

Alwarpet-Chennai

2

Adyar-Chennai

3

Broadway -Chennai

4

Chindamani-Tiruchirapalli

5

Kalavasal-Madurai

6

Paramakudi-Ramanathapuram (Dist)

S.No

Details of Regional Offices

1

Coimbatore

2

Dharmapuri

3

Dindigul

4

Erode

5

Kancheepuram

6

Kanyakumari

7

Madurai

8

Pudukottai

9

Salem

10

Sivagangai

11

Thanjavur

12

Tiruvannamalai

13

Tirunelveli

14

Tiruppur

15

Tiruvarur

16

Tiruchirapalli

17

Vellore

18

Villupuram

19

Virudhunagar

The comparative performance of the TamilNadu Cooperative State Agriculture and Rural Development Bank during the last five years is given below.

Amount (Rs. In Crore)
S.No Details Deposits Loan Issued Net Profit
1 2016-17 175.72 252.05 8.21
2 2017-18 158.27 241.00 10.44
3 2018-19 161.40 281.12 27.62
4 2019-20 165.68 363.11 30.77
5 2020-21 291.99 1111.69 40.45
2.2.Primary Cooperative Agriculture and Rural Development Banks (PCARDBs)

There are 180 Primary Cooperative Agriculture and Rural Development Banks functioning in the State. Their primary function is to provide long term credit to farmers for minor irrigation, land development, farm mechanization, horticulture, animal husbandry and other activities.  Due to non-availability of refinance from the National Bank for Agriculture and Rural Development, these banks are at present issuing only jewel loans out of the available funds. The District wise details of Primary Cooperative Agriculture and Rural Development Banks is given below.

S.No Name of the Region No of Banks
1 Coimbatore 9
2 Cuddalore 6
3 Dharmapuri 2
4 Dindigul 6
5 Erode 7
6 Kancheepuram 3
7 Chengalpet 2
8 Kanyakumari 5
9 Karur 3
10 Krishnagiri 3
11 Madurai 7
12 Nagapattinam 1
13 Namakkal 7
14 Nilgiris 4
15 Perambalur 1
16 Pudukottai 9
17 Ramanathapuram 4
18 Salem 6
19 Sivagangai 6
20 Thanjavur 8
21 Theni 4
22 Tirunelveli 4
23 Tenkasi 4
24 Tiruvallur 10
25 Tiruvannamalai 8
26 Tiruvarur 6
27 Tuticorin 3
28 Tiruchirapalli 5
29 Tiruppur 9
30 Vellore 3
31 Ranipettai 3
32 Tirupathur 3
33 Villupuram 6
34 Kallakurichi 4
35 Virudhunagar 5
36 Ariyalur 2
37 Mayiladuthurai 2
Total 180

The performance of Primary Agricultural  and rural Development  Banks  during the last five years is given below:

Amount(Rs. In Crore)
S.No Details Deposits Loan Issued
1 2016-17 39.85 884.83
2 2017-18 38.44 986.77
3 2018-19 40.60 1074.40
4 2019-20 50.35 1365.34
5 2020-21 88.06 1425.65

3. Urban Cooperative Credit Structure

Urban Cooperative Credit Structure comprises the Tamil Nadu Cooperative Urban Bank Federation at State level and  Urban Cooperative Banks and Urban Cooperative Credit Societies in the Urban and semi urban areas.

3.1 Tamil Nadu Cooperative Urban Banks Federation

The Tamil Nadu Cooperative Urban Banks Federation has been functioning with the main objective of promoting the development of urban Cooperative credit movement in the State. The Federation also assists the Urban Cooperative Banks in matters relating to training to the staff members and adoption of modern banking technologies by the banks.

A) Origin:
  • Registered as a Cooperative Society under Tamil Nadu Coop. Societies Act 1961
  • Date of Registration : 07.12.1981
  • Established on 06.06.1988 as “TAMILNADU STATE FEDERATION OF URBAN COOPERATIVE BANKS LTD XC 155”
B) Vision & Mission:
Vision
  • Making Member Banks to give Best Banking Services
  • Bringing Technological development in all member banks1
  • Improving financial stability of member banks
  • Enhancing the efficiency of staff of member banks
Mission
  • To Identify the technical and practical problems in UCBs and to devise the ways and means to solve those problems.
  • To Develop, guide, guard, assist and protect the UCBs
  • To establish liaison between Coop. Urban Banks and State Government, Reserve Bank of India and Other allied institutions & organisations.
  • To identify, promote, develop UCBs and to undertake studies and research in the sectors.
  • To organize conferences, conventions, training and seminars for the Sectors.
  • To arrange publication of periodicals, news bulletins and journals
  • To exchange information of common interest of member banks
  • To co-operate with the Tamil Nadu Co-operative Union in the field of Co-operative education, training and publicity.
  • To assist matters relating to management, recruitment and training of staff.
  • To render financial assistance to member banks for revitalization of banks
  • To become member in National Federation of Urban Co-operative Banks and Credit Societies or any such State level of National level co-operative organizations.
C)Membership
  • 120 Urban Cooperative Banks and 7 Employees’ Coop. Banks totally 127 Banks are members in the Federation.
D)Development Activities
  •  Conducting Training Campaign and Training Program to the employees of member banks,
  • Ensuring only CBS operational in all member banks
  • Rendering financial assistance to Weak Member Banks for improving their business.
  • Reviewing the Financial Parameters of all member banks, specifically SAF covered banks and issue suitable instructions to them for their business development, compliance activities, recovery mechanism etc.
  • To improve performance in CBS operations.
  • Concentrating in bringing digital environments in member banks such as SMS Alert Service, ATM installation and RTGS/NEFT Transfer Facilities
  • Assisting all member banks for their compliance activities like CICs Registration & Uploading, CKYC & CERSAI Registration, Migration Audit, Data Backup, IT Audit & VAPT,
E)Achievements
  • All member banks are fully computerized and customer services are given under CBS.
  • All Transaction functionalities are done only in CBS
  • All Accounts are maintained in CBS
  • Auditing is undertaken in CBS
  • SMS Alert Service facility is brought live in 94 member banks.
  • Banks are made fully compliant to various statutory/regulatory requirements through training.
  • Report Module was fine-tuned by PMC and more than 200 reports are made available in CBS
  • ATM installation process is going on in 6 Urban Coop. Banks.
Financial Status:

Collection of Subscription

Year

Amount – Rs. In Lakh
2016-17 10.21
2017-18 17.54
2018-19 19.80
2019-20 31.89
2020-21 20.12
2021-22 9.30
2022-23 12.45
Collection of Urban Bank Development Fund

Year

Amount – Rs. In Lakh
2016-17 103.71
2017-18 125.85
2018-19 115.14
2019-20 208.08
2020-21 101.35
2021-22 73.71
2022-23 100.21
Accumulations of Financial Sources:

Year

General Fund(Rs. In Lakh)

Urban Bank Development Fund(Rs. In Lakh)
2016-17 197.10 543.76
2017-18 202.16 634.39
2018-19 205.83 700.25
2019-20 225.67 767.50
2020-21 239.80 855.24
2021-22 225.36 837.64
2022-23(Tentative) 258.37 869.03
Investments in Other Banks.

As on 31st March

General Fund

Urban Bank Development Fund
2017 196.57 1156.10
2018 205.27 1369.41
2019 209.11 1557.41
2020 233.63 1820.14
2021 254.88 1993.56
2022 252.22 1913.65
2023 242.11 2134.42
3.2. Urban Cooperative Banks

Urban Cooperative Banks are providing banking and credit facilities to the people residing in urban and semi urban areas. At present 128 Urban Cooperative Banks are functioning in the State. These banks mobilize deposits from the public and extend credit facilities for various purposes like housing, business and other non-farm sector activities, including Jewel loans to meet the urgent and domestic needs of the members. To provide modern banking services to the customers, CORE Banking solutions has been implemented in Urban Cooperative Banks.  The District wise details of Urban Cooperative  Banks is given below.

S.No Name of the Region No of UCCS No.of Branches
1 Ariyalur 1 1
2 Chengalpattu 3 5
3 Chennai 8 16
4 Coimbatore 4 16
5 Cuddalore 3 1
6 Dharmapuri 1 1
7 Dindigul 4 2
8 Erode 5 7
9 Kallakurichi 1 1
10 Kancheepuram 2 8
11 Kanyakumari 1 0
12 Karur 2 2
13 Krishnagiri 2 5
14 Madurai 5 0
15 Mayiladudhurai 2 3
16 Nagapattinam 0 0
17 Namakkal 5 15
18 Nilgiris 3 1
19 Perambalur 0 0
20 Pudukottai 2 2
21 Ramanathapuram 4 1
22 Ranipet 4 6
23 Salem 8 35
24 Sivagangai 2 1
25 Tenkasi 0 0
26 Thanjavur 6 3
27 Theni 2 0
28 Thoothukudi 8 22
29 Tiruchirapalli 9 9
30 Tirunelveli 6 8
31 Tirupattur 3 5
32 Tiruppur 3 3
33 Tiruvallur 1 0
34 Tiruvannamalai 4 0
35 Tiruvarur 4 2
36 Vellore 3 2
37 Villupuram 2 3
38 Virudhunagar 5 3
Total 128 189

The performance of Urban Cooperative Banks during the last five years is given below:

Amount (Rs. In Crore)
S.No Details Deposits Loan Issued
1 2016-17 8444.31 5391.72
2 2017-18 7897.5 5577.13
3 2018-19 7847.89 5579.64
4 2019-20 7871.72 5892.24
5 2020-21 8526.36 1519.76
6 2021-22 8848.31 1552.88
7 2022-23 8664.29 1704.41
3.3. Urban Cooperative Credit Societies

In Tamil Nadu, 116 Urban Cooperative Credit Societies are functioning to provide credit facilities to the people residing in urban and semi–urban areas. These societies mobilize deposits from the public and extend loans to small traders, artisans and persons belonging to middle income group for housing, business and other non farm sector activities. The District wise details of Urban Cooperative  Credit Societies  is given below.

S.No Name of the Region No of UCCS No.of Branches
1 Ariyalur 0 0
2 Chengalpattu 11 7
3 Chennai 14 0
4 Coimbatore 10 6
5 Cuddalore 9 0
6 Dharmapuri 0 0
7 Dindigul 3 0
8 Erode 1 0
9 Kallakurichi 2 0
10 Kancheepuram 7 3
11 Kanyakumari 3 0
12 Karur 0 0
13 Krishnagiri 0 0
14 Madurai 9 1
15 Mayiladudhurai 0 0
16 Nagapattinam 2 1
17 Namakkal 1 0
18 Nilgiris 0 0
19 Perambalur 0 0
20 Pudukottai 0 0
21 Ramanathapuram 0 0
22 Ranipet 9 2
23 Salem 5 5
24 Sivagangai 1 0
25 Tenkasi 1 0
26 Thanjavur 1 0
27 Theni 2 0
28 Thoothukudi 4 0
29 Tiruchirapalli 3 0
30 Tirunelveli 2 0
31 Tirupattur 0 0
32 Tiruppur 1 1
33 Tiruvallur 2 0
34 Tiruvannamalai 0 0
35 Tiruvarur 0 0
36 Vellore 8 1
37 Villupuram 1 0
38 Virudhunagar 3 0
Total 115 27

The performance of Urban Cooperative Credit Societies during the last five years is given below:

Amount (Rs. In Crore)
S.No Details Deposits Loan Issued
1 2016-17 1412.12 1100.94
2 2017-18 1286.07 1208.07
3 2018-19 1338.13 1381.39
4 2019-20 1400.79 1510.82
5 2020-21 6179.30 1640.71
6 2021-22 7258.45 1163.12
7 2022-23 7195.23 1847.08

4.Employees Cooperative Thrift and Credit Societies

In Tamil Nadu 1,705 Employees Cooperative Thrift and Credit Societies are functioning for the benefit of the employees of the State and Central Government, Government undertakings and Private organizations. Their main objectives are to cultivate the habit of savings among the employees and to provide loans at a reasonable rate of interest. The District wise details of Employees Cooperative Thrift and Credit Societies are given below.

S.No District No. of Societies No.of Branches
1 Ariyalur 18 0
2 Chennai 193 0
3 Coimbatore 86 0
4 Cuddalore 76 0
5 Dharmapuri 46 0
6 Dindigul 49 0
7 Erode 49 0
8 Kancheepuram 21 0
9 Chengalpet 34 0
10 Kanyakumari 40 0
11 Karur 19 0
12 Krishnagiri 37 0
13 Madurai 91 0
14 Nagapattinam 13 0
15 Namakkal 28 0
16 Nilgiris 38 13
17 Perambalur 10 0
18 Pudukottai 37 0
19 Ramanathapuram 34 0
20 Salem 97 0
21 Sivagangai 55 0
22 Thanjavur 53 0
23 Theni 15 1
24 Tirunelveli 52 0
25 Tenkasi 16 0
26 Thiruvallur 58 0
27 Thiruvanamalai 43 0
28 Tiruvarur 30 0
29 Thoothukudi 55 0
30 Tiruchirappalli 89 0
31 Tiruppur 24 0
32 Vellore 32 0
33 Thirupathur 19 0
34 Ranipet 17 0
35 Villupuram 44 0
36 Kallakurichi 17 0
37 Virudhunagar 54 0
Total 1689 14

The Loan Disbursement details in Employees Cooperative Thrift and Credit Societies during the last five years are given below.

Amount (Rs. in crore)
S.No Details Loan disbursement
1 2016-17 5,818.09
2 2017-18 6,500.36
3 2018-19 6,731.28
4 2019-20 6,454.05
5 2020-21 6216.95
6 2021-22 8760.80
7 2022-23 11924.17