How does the Society utilize the funds/deposits procured by it ? 


the Co-operatives society Act/Rules/By-Laws. Our lending is in the shape of small loans for business & Micro Finance. 

Are the deposits with the society safe & secured? 


security and safety of deposits and Bharat Pro Of Financial. strictly abides by the rules and regulations framed by Central Government. Rule 66 - Restriction on loans - (1) A nidhi compnay, other than a co- operative bank, shall not make a loan to a member on the security of his share or on the security of a non-member. 

Rule 67 - Restriction on borrowing - (1) A nidhi company may receive deposits, raise loans and receive grants from external sources to such extent and under such conditions as may be specified in the bye-laws: Provided that the total amount of deposits and loans received during any financial year shall not exceed ten times of the sum of subscribed share capital and accumulated Reserves. Provided further that while calculating the total sum of subscribed share capital and accumulated Reserves, the accumulated losses shall be deducted. We are happy that Gomti Group OF Finance.is . The founders and members of the company have a huge stake in the have contributed capital which is a definite sign of safety and security of your deposits and ploughed back the profits earned by them over a period of time

Why the Bharat Finance Group Ltd. l is paying 'Higher Rate of Interest' to its members/ Investors? 


We believe in the principle of encouraging saving habits amongst our members. In the present context when tendency to save is on the decline and the consumerism is on the high. We want to ensure the financial and social well being of our members as a moral responsibility towards the company. As a true nationalists we are convinced that higher the savings, higher the investment better the G.D.P.

What are the other benefits available to the depositors/ Investors? 


As stated else where we offer a higher Rate of Interest of 100 basis points.(One percent), To the depositors/ Investors of following categories: Senior Citizen (50 years above), Ladies, Physically Challenged persons, Retired Persons, Members of Armed Forces, Retired defense persones, Employees of State & Central Government, All Employees of Finance Sector, Insurance Companies or Employees of any Co-Operative establishment & Local Bodies, Trust & Single deposit of Rs. 5.00 Lacs and above. Free Accidental Death Insurance benefit of Rs. 50,000 For every account (maximum 2 accounts are covered with total benefit not exceeding Rs. 1,00,000. All our employees/ members of marketing team are also covered under Accidental Death Insurance scheme.

Are the deposits with the society safe & secured? 


security and safety of deposits and Rajasthan nidhistrictly abides by the rules and regulations framed by Central Government. The Multi- State Co-Operative Societies Act, 2002,provides as under Rule 66 - Restriction on loans - (1) A multi- State co- operative society, other than a co- operative bank, shall not make a loan to a member on the security of his share or on the security of a non-member. Rule 67 - Restriction on borrowing - (1) A multi- State co-operative society may receive deposits, raise loans and receive grants from external sources to such extent and under such conditions as may be specified in the bye-laws: Provided that the total amount of deposits and loans received during any financial year shall not exceed ten times of the sum of subscribed share capital and accumulated Reserves. Provided further that while calculating the total sum of subscribed share capital and accumulated Reserves, the accumulated losses shall be deducted.. The founders and members of the society have a huge stake in the society and have contributed capital of more than Rs.70 crores which is a definite sign of safety and security of your deposits and ploughed back the profits earned by them over a period of time

How the Bharat Finance Group Ltd. is able to offer Higher Rate of Interest as compared to the Rate of Interest of Commercial banks/ Financial Institutions? 


There are variety of natural and financial reasons which help the society in offering better Rate of Interest. A few of them are detailed below:- (a) Income earned by the society on account of Interest on loans/ advances granted to members which contributes a major part of society's Income is exempt from Income Tax as per section 80P of Income Tax Act. Therefore the society is able to save huge amount which could have otherwise been paid as Tax. The Board of Directors of the society always felt that some portion of this should be passed on to the members by offering higher Rate of Interest and this is what our corporate philosophy is. (b) C.R.R. Cash Reserve Ratio :- Banks and other financial institutions have to keep about 4 to 5 percent of their deposits in cash or with Reserve Bank of India as per R.B.I. regulations. Amount so kept does not earn any interest and reduces the banks' capacity of lending. While Adarsh Credit Co-Operative Society is exempted from this provision , we keep minimum cash in hand to meet the day to day requirements and therefore are in a position to lend more. (c) S.L.R. Statutory Liquidity Ratio :- Banks have to keep almost 25 to 30% of their deposits in different type of securities which earn them less interest as compared to the Rate of Interest prevailing in the market. (d) Adarsh Credit Co-Operative Society is exempt from maintaining Cash Reserve Ratio(C.R.R.) & Statutory Liquidity Ratio. Adarsh Credit Co-Operative Society has better opportunities of managing its funds and earning interest thereon which it is doing sincerely and passing on the benefits of such income to its members/ Investors by offering better rate of Interest. (e) Society is extending short term & medium term loans to its members. Our loans are fully secured and our recovery is hundred percent. We have no N.P.A's in our books. On the other hand Banks' resources are adversely affected by large scale Non Performing Assets and as a result these institutions have lesser funds at their disposal and are not able to offer good Rate of Interest to depositors.