An Overview in Puducherry

    Co-operative movement in the Union territory of Puducherry gained momentum since 1960s. There were 143 societies in 1961-62 which has increased to 441 in 2022-23. On the other hand, the membership rose from 2.67 lakhs to 7.38 lakhs during the same period. All types of societies are present in this Union territory. They include apex co-operative bank, apex land development bank, primary agricultural credit societies, employees co-operative credit societies, fishermen co-operative societies, weavers co-operative societies, industrial co-operative societies, consumer co-operative societies, housing co-operative societies, labour contract co-operative societies, co-operative societies for artisans, students’ co-operative societies, co-operative printing press. This list is long and varied.

 Employees Co-operative Credit Society

    Employees Co-operative Credit Society, as the name suggests, is a society organized exclusively for the economic welfare of the Government Department or public/private/co-operative sector undertaking. It accepts membership only from the department or the organisation and grants loans and facilities to its members.

 The Puducherry Health Employees Co-operative Credit Society

    The Puducherry Health Employees Co-operative Credit Society (PHECCS, for short) is the largest employees co-operative credit society in the Union territory of Puducherry, considering the membership from a single Government Department. All beginnings are small, so also the PHECCS. It was registered on 29.7.1985 and started functioning on and with effect from 19.8.1985. Its area of operation is confined to the Puducherry region. It started with a membership of 110 and share capital of ₹ 1100/-. As on 31.3.2023 it witnessed a membership of 2330 [‘A’ class members] and the share capital is ₹ 10,54,85,440/-. What a tremendous growth.

  Award won

    In recognition of outstanding service rendered to the members, “HON’BLE MINISTER FOR CO-OPERATION’S RECOGNITION AWARD” was given to our society on 19.11.2019

  ISO 9001

    The PHECCS has been awarded ISO 9001:2015 certificate for the following services.

    “Provision of services on Fixed deposit, Recurring Deposits, Issue of Medium Term Loan and Short Term Loan to members”

    The PHECCS is INDIA’S FIRST ISO 9001:2015 CERTIFIED EMPLOYEES CO-OPERATIVE CREDIT SOCIETY.

  A big thank you!

  • We thank the Hon’ble Minister for Co-operation, Secretary to Government (Co-operation), Registrar of Co-operative Societies, Officers and officials of the Co-operative Department for their timely guidance, supervision and constant help.

  • Officers and officials of the Department of Health and Family Welfare.

  • Our Past Presidents, Past Administrators and members of the committees for paving the society to this growth and glory.

  • Our members for their loyalty and faith on the society.

  • Our deposits for their confidence, without which the society would not have discovered this height.

  • Our banker – IDBI.

  • Our auditors for their prompt service and guidance.

  • The Life Insurance Corporation for their prompt service.

  • Our dedicated band of employees.