In Vadodara, a cooperative society has been serving government employees for 115 years. This society, known as the Government Servant Cooperative Credit Society, was founded on December 17, 1910. It was inspired by Maharaja Sayajirao Gaekwad of Baroda, who motivated officers to engage in cooperative activities. The initial group consisted of just 13 officers. Today, more than 11,000 government officials and employees are members of this society.
The society aims to support its members in achieving their dreams and provides financial assistance during tough times. It started in a rented space in Shastri Pole, Vadodara, and now operates from a modern office after purchasing land in the 1950s.
Throughout its history, the society has evolved to meet the needs of its members. Initially, it offered loans up to ₹2,500, but this amount has increased over the years. As of now, members can borrow up to ₹20 lakh. This increase shows the financial stability and success of the society. Since 1981, it has maintained an ‘A’ grade in audits, indicating its strong management and financial health.
Members have benefited greatly from the loans, with many fulfilling personal dreams like home ownership and weddings. The society also offers health assistance, annual gifts, dividends, and educational support. Currently, around 11,347 people are associated with this cooperative.
In the last year, the society made a profit of ₹1.86 crore. This success aligns with the celebrations of Cooperative Week in Gujarat, which runs from November 14 to 20. The society exemplifies the spirit of cooperation, contributing to the growth and prosperity of its members.
The cooperative movement in Gujarat is significant. It has seen a rise in the number of societies and members over the years. From just a few societies at the beginning of the 20th century, Gujarat now boasts over 89,000, with around 1.71 crore members. This means that almost every fourth person in Gujarat is part of a cooperative.
The state’s cooperative sector is crucial for economic development. It provides financial services and support to farmers, ensuring they have access to necessary loans without high interest rates. Initiatives like the Kisan Kalpavriksha scheme help farmers with infrastructure development, further boosting agricultural productivity.
The Government Servant Cooperative Credit Society is a shining example of how cooperative ventures can empower individuals and communities. It continues to thrive under the leadership of Prataprav S. Bhoyte, who has been at the helm since 1992. His vision and commitment to enhancing the lives of government employees through cooperative efforts remain strong.
As Gujarat celebrates Cooperative Week, the achievements of this society remind us of the power of collaboration and support in building a better future for all.
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