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 

we have set the momentum to pick up pace and cross 1000 crores by 2015. 

Performance Report from 31 MAR 2009 to 31 MAR 2013

Particulars 2008-09 2009-10 2010-11 2011-12 2012-13
  Share Capital 1375000 28280000 59855000 61160000 61305000
  Reserved Funds 61640 1209306 3574671 5197093 8429796
  Total Deposit 112079898 311150843 46559098 1116268007 1551204860
  Loan & Advances 45450670 310337689 324845884 922196926 1150585864
  Net Profit -2583647 -17639187 1127456 9886004
  Working Capital 8208185 63485379.66 408853165.8 557115128.44 1466801724.36
  Audit Class A A A A A