The loan advanced to members and the interest earned therefrom are the income base of the society. The following table indicates the loan advanced to members and the interest earned out of such loan over the last five years:

The growth of deposits is a certain indicator of the confidence reposed by the investors and this is possible because of the dedicated service to the depositors and this confidence is built over years. Figures speak themselves.

The functioning of a credit society is always assessed not only on issue of loans but more importantly how the loans are recovered from members promptly and how the members are sincere in the matter of repayment of loan. The members are sincere and the recovery machinery is strict and hence the result is obvious. The percentage of overdue over the last five years are given below:

The society has stopped receiving loan from the financing bank and works on the owned funds and deposits received from members.

Right from the start of the society, the society is working on profit. The members are paid dividend at 9% over the last five years. The audit is up to date and the society is classified as ‘B’ class. The profit earned over the last five years are given in figures and diagrammatically.

In view of increase in death rate after COVID-19, LIC of India has raised premium amount from ₹ 40,00,000/- to ₹ 64,00,000/-, ₹ 67,00,000/- and ₹ 1,13,00,000/- over the years. The society’s lending margin rate is reduced from 2% to 1.5% Covid special loan has issued to members @ 4% during two years. i.e., 2020-21 and 2021-22. These factors accounted for a fall in profit. But the stability of the financial health of the society is in no way disturbed.