A shining example

Special Correspondent

TIRUCHI: Despite representing the lowest stratum of the society, conservancy workers of the Tiruchi Corporation have successfully made use of the cooperative movement. The Tiruchi Corporation Conservancy Employees Cooperative Society has achieved a milestone by recording profits continuously since 1972. The society, one of the oldest having been formed in 1916, has been declaring 14 per cent dividend over the past 15 years. The society has been functioning without taking any loans from the District Central Cooperative Bank. During 2006-07, the society has advanced Rs.2.62 crore as loans to its members, who are advanced a maximum of Rs.50,000 at a time, say its Special Officer B.N. Giridharan and Secretary A. Govindasamy.

The society has been extending funeral assistance of Rs.10,000 to the families of its members, who pass away. The assistance is granted immediately on the death of a member, with other official formalities taken care of later. Despite being illiterates or semi-literates, its members stand out as a shining example of the cooperative movement, says S. Mathivanan, Special Officer, Tiruchi District Cooperative Union.

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