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Thrift society earns Rs. 22.82-lakh profit

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The Periyar EVR College Staff Cooperative Credit and Thrift Society registered a net profit of 22.82 lakh during 2012-13. The society has declared 14 per cent dividend to its members, said V.Palanivelu, president of the society, at the annual general body meeting. He said that the society has been continuously registering profit ever since it was launched in 1981. The society sanctioned loans to the tune of Rs.6.36 crore to its members, after securing a credit of Rs.3.93 crore from Tiruchi District Central Cooperative Bank. He handed over dividend to the members. A. Mekala, vice president of the society, was present.

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