LOKMANGAL MULTI-STATE CO-OPERATIVE SOCIETY

Number of branches: 104 across Maharashtra and Karnataka 

Membership: Over 10,000 people 

Deposits: Over Rs. 164 crores 

Share Holders: 1034 

The Lokmangal Multi-State Society is the Group’s first venture beyond the state of Maharashtra. Small farmers are encouraged to opt for “Samudayaik Sheti”or Co-Operative Society. They are made aware of issues related to plantation and marketing of crops. The Society buys their farm products on the spot. This has resulted in the farmers getting the benefit of selling at market price. The Society’s first venture however was to establish a dairy, to encourage more and more individuals to look beyond farming as a source of active income.

Having witnessed accelerated numbers in deposits in 2012