Jamshedpur: TISCO Mills Society increases loan limit to Rs 6.50 Lakh

Mail News Service

Jamshedpur, September 1: The 81st Annual General Meeting of the TISCO Mills Combined Co-operative Credit Society Limited was held at the Impact Centre. Vice President Sunil Kumar Singh welcomed President Vineet Kumar Shah, Vice President Diba Ahmed, Secretary Rajesh Kumar Chakraborty, members of the Management Committee, guests, and shareholders. The meeting, chaired by President Vineet Kumar Shah, began with a minute’s silence in tribute to deceased members. Shah provided updates on financial assistance for the families of the deceased and honored two members for their 25 years of membership.

The society’s improved financial condition was highlighted, with increases in investment and paid-up share capital. This year, the loan limit was raised by Rs 50,000 for Steel Grade, NS Grade, and TSDPL members, and by Rs 40,000 for JCAPCPL members, bringing the total loan limit to Rs 6,50,000. Additionally, members will now receive Rs 1,200 in case of illness. The maximum dividend distributed this year will be Rs 3,282, along with a memento of Rs 500 and a refreshment coupon worth Rs 250 for each member.

The meeting concluded with a vote of thanks from committee member Bipul Kumar Singh.