a) To promote overall economic betterment of members through self-help and mutual aid in accordance with co-operative principles specified in the first Schedule of the Act.
b) To Accept the deposits from the members of the society and utilize the same for giving loans to its members or invest and make payment, the deposited amount which are accepted by the Society as and when demanded or completion of maturity period / similarly make payment of the deposit by issuing cheque, draft or by any other means.
c) To provide Loan to its members with mortgage or without mortgage of the property.
d) To provide educational loan to its members, or member's son/ daughter/wife etc.
e) To create funds by means of deposits and borrowings hereafter to lend to members of the Society at moderate rates of interest.
f) To lend money to its members for hire purchase of household articles and vehicles.
g) To lend money to its members for their business purposes.
h) To lend money to its members for their specific need on Gold Loan or immovable properties with mortgage.
i) To promote saving habits amongst its members.
j) To fund, support or promote any subsidiary institution as per the provisions of section 19 of the Multi-State Co-operative societies Act 2002.
k) To enable the Members to access insurance and to provide insurance whether directly or indirectly, and other financial services for the benefit of the Members subject to the approval of the regulatory authorities as may required
l) Subject to rules, regulation and guidelines issued by the regulatory authority and such other governmental authority from time to time, to provide various financial product or services directly or indirectly performed which includes:
i. Provisions for various kinds of loans and financial services including housing loan
ii. Facilitating financial inclusion
iii. Acting as agents including corporate agents, representatives, surveyors, sub-insurance agents, brokers, advisors, franchisers, consultants, advisors, collaborators aggregators including sub aggregators for insurance companies, mutual funds and pension products of Government or other agencies.
iv. Acting as a business sub aggregator for organizations which provide products or services