Top 10 Multi State Cooperative Society in India?

In this blog, we explore India’s top 10 multi state cooperative society highlighting their role, influence and the sectors they serve, showcasing their vital contribution to the country’s cooperative movement. Multi state cooperative society (MSCS) play a vital role in promoting economic development number of sectors. Transcending state boundaries, these cooperative societies provide services ranging from agriculture and banking to housing and business advancement, bringing a wide range of benefits to members. 

What is the Multi State Cooperative Society?

A Multi-State Cooperative Society (MSCS) is a cooperative society that operates in more than one state in India. As opposed to single-state cooperative societies that are restricted to a specific state, MSCS is positioned to address issues, and opportunities and provide services that span across state boundaries. The idea is to allow cooperative societies to operate on a much broader scale, benefiting from a broader reach and the ability to serve people or businesses in multiple areas.

1. Inter-State Operations: MSCS operates in more than one state and provides services to its members across territorial boundaries.

2. Central Registration: They are registered with the Central Government under the Multi-State Auxiliary Societies Act, of 2002.

3. Administration: Governed by an elected Board of Directors and centrally regulated to ensure efficiency and compliance.

4. Universal Membership: Open to individuals and auxiliaries from a variety of states, all contributing to the same objectives.

5. Miscellaneous Sector: Active in fields such as agriculture, banking, housing and business advancement to advance the welfare of members.

6. Financial Accountability: Clean financial records must be maintained, subject to audit, and to protect members.

7. Legal Aid: Dispute resolution is structured under central guidelines, with participation from both central and state authorities.

8. Incentives: Enjoy favorable tax conditions and government support to encourage supportive advancement in a variety of sectors.

What are the Top 10 Multi State Cooperative Society in India?

1. The Janata Peoples Multi State Co-operative Credit Society Limited.

2. SHAMBHO MAHADEVA MULTI STATE CO-OPERATIVE CREDIT SOCIETY Limited. 

3. Grow Green Cooperative Society Limited.

4. Kashi Kisan Multi State Agro Co-operative Society Limited.

5. Rani Lakshmibai Krishak Multi State Cooperative Society Limited. 

6. South Central Railway Employee’s Co-operative Credit Society Ltd. 

7. The Best Cooperative Group Housing Society Ltd.

8. The Jackson Co-operative Credit Society of the Employees of the Western Railway Ltd.

9. Vasundhara Multipurpose Cooperative Society Ltd. 

10. Uttar Pradesh Bank Employees” Credit Cooperative Society Ltd. 

To Multi-State Cooperative Society Registration Contact Our Expert Legal Adviser

1. The Janata Peoples Multi State Co-operative Credit Society Limited.

Janta People’s Multi-State Co-operative Credit Society Limited is a type of Multi-State Co-operative Society (MSCS) that operates as a credit co-operative in several states of India. Here are some of its main aspects.

1. Financial Services: Provides loans, savings schemes and investments to the organization.

2. Membership: It is open to individuals from multiple states, which will increase its resource pool.

3. Purpose: To promote financial inclusion and economic well-being through accessible credit and financial products.

4. Regulation: Governed by the Multi-State Cooperative Societies Act, 2002 with central monitoring.

5. Administration: managed by an elected board, ensuring transparency and member participation.

2. SHAMBHO MAHADEVA MULTI-STATE CO-OPERATIVE CREDIT SOCIETY Limited.

Shambho Mahadeva Multi-State Co-operative Credit Society Limited will be a financial assistance establishment registered under the Multi-State Co-operative Societies Act, 2002, whose operations and services will be spread across several states. Here is a brief explanation of what is usually present in a credit society of this nature.

1. Multi-state reach: Translates financial instruments beyond state boundaries.

2. Credit Services: Offers loans, savings and financial assistance to members.

3. Member-run: Open to individuals in states, with democratic governance.

4. Regulated by Central Act: Complies with Central laws under the Multi-State Co-operative Societies Act, 2002.

5. Community Focus: Its objective is to support the financial growth and community needs of the members.

3. Grow Green Cooperative Society Limited.

Grow Green Cooperative Society Limited is probably a cooperative society that focuses on promoting sustainable farming methods, green initiatives or ethnic advancement. As a cooperative society, it will operate under principles that benefit its members through cooperative efforts, shared resources and democratic governance.

1. Focus on Sustainability: Promotes green farming and environmental initiatives.

2. Member-based: Open to individuals or businesses with a shared interest in sustainability.

3. Community support: Provides resources such as seeds, equipment, and training to members.

4. Financial transparency: Profits are reinvested or shared among the members.

5. Social impact: Aims to benefit both the community and the environment.

4. Kashi Kisan Multi-State Agro Co-operative Society Limited.

Kashi Kisan Multi-State Agro Co-operative Society Limited is a cooperative society operating in the agricultural sector, focused on promoting agricultural activities, improving farmers’ livelihoods and promoting cooperative development across multiple states. Like other Multi-State Cooperative Societies (MSCS), it operates in more than one state, bringing together farmers and agricultural stakeholders from diverse regions to work together for mutual benefit.

1. Agriculture-focused: Provides agricultural inputs such as seeds, fertilizers and equipment, as well as helps farmers market their products.

2 Multi-State Operations: Operating in more than one state, thereby benefiting farmers in different regions.

3. Farmer Empowerment: To increase income and welfare by providing training, resources and better market access.

4. Legal Framework: Registered under the Multi-State Co-operative Societies Act, 2002 for transparency and accountability.

5. Rani Lakshmibai Krishak Multi State Cooperative Society Limited.

Rani Laxmibai Krishak Multi State Cooperative Society Limited is a cooperative society registered in India under the Multi-State Cooperative Societies Act, 2002. It operates in several states with a focus on agricultural advancement and farmers’ advocacy. Named after the glorious queen Rani Laxmibai, known for her valor in the Indian Rebellion of 1857, the society focuses on empowering farmers through cooperative efforts, reflecting Rani Laxmibai’s legacy of resilience and self-reliance.

1. Agricultural resources: supplies seeds, fertilizers and other inputs to increase agricultural productivity.

2. Financial Help: Offers loans and credit facilities to farmers.

3. Training Scheme: Provides leadership on state-of-the-art and sustainable agricultural practices.

4. Market Access: To assist farmers in selling produce, ensuring better market rates.

5. Access to Schemes: Helps members to benefit from government subsidies and agricultural schemes.

6. South Central Railway Employee’s Co-operative Credit Society Ltd. 

South Central Railway Employees Co-operative Credit Society Limited (SCR Employees Co-operative Credit Society) is a cooperative society established exclusively for the employees of South Central Railway in India. It operates as a credit society, which means that its primary focus is to provide financial services including lending and borrowing to its constituents, who are exclusively railway officials. Here are the main features and objectives of the society.

1. Promoting Financial Inclusion: To provide accessible financial services to South Central Railway employees, and promote financial stability and inclusion.

2. Encouraging Savings: By offering redemption schemes, the society helps in providing financial help to its members.

3. Financial help for employees: Focus is on making borrowing and credit accessible, reducing dependence on foreign, high-interest loans.

4. Social and Welfare: Acts as a support system, helping railway employees manage a wide range of financial challenges.

7. The Best Cooperative Group Housing Society Ltd.

Best Cooperative Group Housing Society Ltd. is an example of a cooperative community housing society, which is a type of cooperative society formed to provide housing facilities to its members. This type of cooperative establishment is designed to improve, maintain and manage residential housing for its members, generally focusing on numbers, mutual benefit and community development.

In short, cooperative group housing societies like The Best Cooperative Group Housing Society Limited provide affordable, connected housing with a strong ethnic focus, benefiting members through broad ownership and governance.

8. The Jackson Co-operative Credit Society of the Employees of the Western Railway Ltd.

Jackson Co-operative Credit Society of Western Railway Limited Employees is a kind of credit support society created specifically for the situation of the employees working in Western Railway Limited in India. Here is a brief overview.

1. Objective: To provide financial assistance, loan and savings options to Western Railway employees.

2. Membership: Exclusively for employees of Western Railway Limited, focusing on their specific financial needs.

3. Cooperative Structure: Democratically administered with an elected board, member welfare is given priority.

4. Services: Offers loans, savings plans and possibly insurance for railway employees.

9. Vasundhara Multipurpose Cooperative Society Ltd.

Vasundhara Multipurpose Co-operative Society Ltd. is probably a versatile subsidiary society working with a variety of purposes, perhaps spread across several regions and states, if it is a Multi-State Subsidiary Society (MSCS). Here is a simple explanation of such a society.

1. Miscellaneous services: Provides agricultural help, consumer goods, financial yield, and possibly housing.

2. Member-Centric: Designed to promote self-reliance and economic empowerment for its members.

3. Multi-state access (if MSCS): This can operate in a variety of ways, and provide a wide range of benefits.

4. Governance: Governed by an elected board to ensure transparency and accountability.

5. Financial help: Provides relief, loan and credit facilities to the organization.

10. Uttar Pradesh Bank Employees” Credit Cooperative Society Ltd.

Uttar Pradesh Bank Employees Credit Co-operative Society Ltd. is a cooperative society formed specifically to meet the financial and welfare needs of bank employees in Uttar Pradesh. It is likely to function under the guidelines of the Uttar Pradesh Cooperative Societies Act and depending on its structure, it may also fall under the Multi-State Cooperative Societies Act if it provides its services outside Uttar Pradesh.

1. Membership: Exclusively for Bank Employees of Uttar Pradesh.

2. Services: Provides loans, savings plans and financial help at affordable rates.

3. Governance: Administered by an elected Board of Directors adhering to supporting laws.

4. Objective: To improve the financial condition of the bank employees.

5. Regulatory Permission: Status and, if applicable, Central Subsidiary Regulations under which it operates.

Conclusion

Multi State Cooperative Society (MSCS) plays a vital role in promoting economic and social progress in many states of India. Transcending territorial boundaries, they enable cooperative efforts that meet diverse needs in areas such as agriculture, banking, housing and business advancement. With the centralized rule under the Multi-State Cooperative Societies Statute, of 2002, MSCS ensures individuality, accountability and democratic governance. They offer essential advantages such as large operating networks, tax benefits and the ability to serve the wider society. Through their collective approach, MSCS promotes sustainable development, empowers members and contributes to regional and national development.

FAQs