History And Founding Principle

SAHYADRI CO-OPERATIVE CREDIT SOCIETY LTD.

Regn. No. MSCS/CR/175/2004

History and Founding Principle of SCCS :

Sahyadri Co-operative Credit Society Limited (SCCS) registered as a Multi-State Co-Operative Credit Society by the Central Registrar of Co-operatives, Ministry of Agriculture, Government of India, New Delhi have its area of operation in both Kerala and Tamil Nadu. The Society has its origin from the vision of its Founder Chairman Mar Mathew Arackal, Bishop Emeritus of Kanjirapally Diocese. Mar Mathew Arackal had first hand information about the hardships experienced by the poor and the downtrodden during his service in Idukki district. The strong urge in him to help the poor paved the way for the formation of Sahyadri Co-Operative Credit Society.

The Society was registered on 16th March 2004 under the provisions of Multi-State Co-operative Societies Act 2002 and started operations in May 2004. From a humble beginning, the society has made great progress within a span of 20 years and now is at par with some of the major banks in the city. What makes the society different from others is its customer-friendly policies and approaches. We believe that customer is the core of every business and enterprise. The complete fulfilment of their needs is our motto. At present, there are greater than 16000 shareholders in the society hailing mainly from Kottayam, Idukki and Pathanamthitta districts in Kerala and Theni district in Tamil Nadu. Our unique feature is that about 70% of the shareholders are farmers holding at least one share with face value of Rs. 1000/-.

Apart from its role as a provider of credit, the Society is able to play both proactive and supportive role to make the life of small farmers more stable. Objective of Sahyadri is to help its members attain social and economic betterment through self-help and mutual aid in accordance with the co-operative principles. For achieving this objective, the society is granting loans to members and deposits are accepted from members for mobilizing resources for granting loans. Sahyadri has at present 15 branches in Kottayam and Idukki districts of Kerala and at Cumbum in Tamil Nadu, and arrangements are being made for opening more branches.

Board of Directors :

Our Society is privileged to have a Board of Directors consisting of eminent personalities from all walks of life, Business, Finance, and Banking, Agriculture, Academics, and Social welfare. The commitment, involvement, and co-operation of the board is what thrives our society.

Staff :

The success of every organization or enterprise largely depends on the quality and selfless service of its staff members. The Sahyadri co-operative credit society is fortunate to have committed and loyal work force, which is our asset and backbone. Today, the society has 61 permanent staff members. The Bank is highly committed to the personal and professional development and well-being of our staff.

MEMBERS :

When you become a member of Sahyadri Multi State Credit Co-Operative Society Limited (SCCS), it gives you the right to offer your suggestion for improving the functioning of the Society. Our Society functions like a family and we understand each other so well that we treat our members as part of our family. We ensure welfare of our members through financial support and improving the standards of life and rendering all possible technology driven financial services under one roof.