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Home Cooperative Queries

Is Credit Co-op risky?

Mr. I C Naik by Mr. I C Naik
January 9, 2015
in Cooperative Queries
0
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Ishan Abbas

I am working with a credit co-operative society which is working parallel to bank as an agent so please would like to know answers of following

1- Will it be good to work with these types of societies?

2- By how much these types of society is reliable with their custom?

3- If in any case they get dissolve

Or shut down then who is responsible to make this deposit amount back?

4- How the government are monitoring on these societies?

 

I C Naik

The employer in the form of Credit Society is as risky as any private employer as there is no Government support to the employees of such societies.

Tags: bankcentral governmentCredit co-operative socitiesEmployersocities
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