Swami Vivekananda MultiState Cooperative Development Society Ltd. (SVMSCDSL) is a Multi State Co-Operative Society registered as Multi State Cooperative Society under section 7 of the Multi State Cooperative Societies Act, 2002 (39 of 2002) and the rules framed thereafter, having its registration number of the society MSCS/CR/1481/2023 and the registration date is the 29th day of December of 2023.
The primary objective of the society is to uplift the social and financial status of its members by promoting/educating saving habits amongst them.
The saving products can be in the shape of Fixed Deposits, Recurring Deposits, Monthly Income Schemes
and some other investment plans.
The society has its registered office in Kolkata. The area of operation of the society is limited
to the areas of West Bengal, Bihar and Orisa. The norms and all the rules related to the society are defined under the Byelaws of the society.
The Swami Vivekananda MultiState Cooperative Development Society Ltd. (SVMSCDSL) strictly abides by the Multi State Co-Operative Society Act 2002, doing its financial business amongst its members of the society.
Further The Society uses the funds in lending to the members and investment as per the Co-Operative Society Act/ Rules/ Byelaws. Our registration guidance and controlling authority are Central Registrar of Co-Operative Societies, Department of Agriculture & Co-Operation, Ministry of Agriculture and Government of India.
Vision
The vision and Mission of SVMSCDSL is to provide its members the right path to achieve their all short term and long term financial goals. SVMSCDSL is also focusing on providing the education and guidance related to all the financial aspects.
The main motto of the society is to promote the interest of its members to attain their social and economic betterment through self-help and mutual aid in accordance with co-operative principles. The society is also committed to promote the economic interests and general welfare of the member in particular and public in general to offer them the opportunities to achieve best possible life standard and the overall development by assisting them in number of ways.
We believe in values rather than those who associated purely with profit making. We balance the need for profitability with the needs of our members and the wider interests of the community.