The electricity credit society is shifted to new office


The electricity credit society is shifted to new office
The inauguration of new office of the electricity staff credit society was done by superintendent engineer shri Stephan Fernandes in the presence of Chairman shri Subhash Parsekar
Stephan congratulated the new committee of the society and pressed the board for taking initiatives toward efficient and good services to the share holders of the society
Chairman shri Subhash briefed the highlights of the society affairs and also stressed on the changes seen within six months after taking over the charge by new committee under his chairmanship
1)The conjusted office is shifted to new and spacious area on ground floor
2) the term loan interest reduced by 0.5 % and promised to reduce more
3) Festival advance loan interest is reduced to half
4) recovery of all defaulted loans is started
Society is having 850 plus share holders and loan amount disbursed is about ₹23 crore
Bank loan on society is approx ₹ 8 crore
Vote of thanks were given by secretary shri Samir Nagvekar
The share holders in large numbers witnessed the function

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