The Tamil Nadu State Transport Corporation (Kumbakonam division II) Employees Cooperative Credit Society has registered a net profit of Rs.54.26 lakh during the year 2008-09.
The society accounted for 4,237 members with a share capital of Rs.3.95 crore. The society has deposited Rs.1.72 crore in other cooperative institutions. It got financial assistance of Rs.3.78 crore from the Tiruchi District Central Cooperative Bank and sanctioned loan to the tune of Rs.7.04 crore to its members in 2008-09. From the profit earned, the society sanctioned 10 per cent dividend to the tune of Rs.38.86 lakh to its members during the year, K. Natarajan, special officer of the society told the 23 rd annual general body meeting of the society held here recently.
M. Kanagasabapathi, special officer of the Tiruchi District Cooperative Union, Marimuthu, secretary of the society and other senior members of the society, spoke.