Crescent Cooperative Ltd (CCL) Ang. J&K
www.ccljk.org Phone : 9469719408
(An autonomous interest free financial institution)
Press release
5th Annual General Body Meeting (AGM) of the Cooperative was held today (9th of August 2020) through virtual mode facilitated at Business center of CCL ShangusAnantnag J&K.
The main agenda of the meeting was to consider the annual audited financial statements of the cooperative as on 31-3-20, for submission to registrar of the cooperatives as required under the SRC Act of 1999.
It is pertinent to mention here that Crescent Cooperative Ltd (CCL) is an autonomous interest free financial institutionregistered with the Govt. under Self Reliant Cooperatives Act 1999. The Cooperative is successfully providing interest free financial services to its members since April 2015. Till date it has sponsored 187 Credit policies among its 230 basic members till date. Any resident of J&K desirous to avail the services offered by the Cooperative can obtain its membership.
During the previous financial year ended on 31-3-20 the cooperative had made a revenue of Rs 232750/- through its different schemes viz Consumer Goods Financing Scheme and Income Generation Scheme guided byInterest Free Financial principles viz Muzariba, Musharika, Murabaha, Dian etc.
A large number of members and well wishers of the cooperative attended today’s meeting through Google Meet app and took part in the decision making process of the cooperative.
Date 09-08-2020 Hon. Executive Officer