The Jayalakshmi M.A.M Co-operative Society Ltd is a mutual benefit Institution carrying on the business of a non-banking financial institution. Mutual Benefit Companies are Incorporated Under Indian Companies Act, 1995. It is a non-banking financial institution doing the business of lending and borrowing with its members or shareholders. The government has set up law for the Security of the deposit in the institution to which the cradle is legally necessary. The Jayalakshmi M.A.M Co-operative Society Ltd is fully complied with capital adequacy norms set by the government.
The Primary objective of our institution is to cultivate the habit of savings among our members. Our first and foremost aim is to satisfy our members and create mutuality among them. The Jayalakshmi M.A.M Co-operative Society Ltd is fully financial services institution . We accept deposits from our shareholders within the stipulated norms issued by the Ministry of Corporate Affairs.
The funds mobilized are utilized to a great extent for advancing of Gold Loans, Property Loans, & invest in Education Sector, Health Sector & in Real Estates. Thus, the funds are fully secured and therefore the investments with us are in very safer havens.
We believe that the success of business comes from each individual’s creativity and team work. We at Jayalakshmi Society Expansion, stimulate the mutual growth of our members through Trust and Responsibility and in this process Jayalakshmi Society Expansion strives to contribute to the development of the society overall.
Our institution functions like a well oiled machine and the objective of this initiative is to ensure welfare of our members through financial support by improving the standards of life and rendering all possible technology driven financial services under one roof.