About us
Akshay Credit
Co-operative Society
Akshay Credit Cooperative Society Limited’s principal object is to promote the interests of all its members to attain their social and economic betterment through self-help and mutual aid in accordance with the cooperative principles. It also aims to promote the spirit and practice of thrift, mutual and self-help, and cooperation among the members, to encourage regular savings, and to provide credit to members for productive purposes.
The society has a very humble but very inspiring beginning. The society is registered under the State Cooperative Societies Act, 1960, and registration no. DR/MDS/1077.
As a premier society, the society has derived its strength from the dedication of its highly motivated staff. Being a society with a vision, the society has recognized that the best of investments are investments in people and has accordingly assigned considerable importance to the matter of training its staff. It is a matter of considerable pride that the society has a full-fledged training establishment with very few parallels in the sector, where in-house training courses are conducted almost continuously in a very professional manner for upgradation of skills and for enhancement of functional efficiency, so as to make the society a “Member’s Delight.” Every employee has been given a very clear idea of his role, which enables them to function more efficiently and produce better results.
The AKSHAY is not a personally owned institution but is a society mutually owned by its members, who enjoy the status of being exclusively served while carrying out financial as well as non-financial transactions. The AKSHAY does business for the mutual benefit of its members only.
THE AKSHAY is a fully democratic organization. Its governance and policies are transparent and are managed by the ‘Board of Directors’ elected by its members. The elections are normally conducted in the Annual General Meeting each year for filling up vacant posts.
THE AKSHAY values and respects the opinions of its members. Being registered as a cooperative society, the Department of Cooperation of the State Government constantly reviews the functioning of the society at regular intervals. The annual books of accounts of AKSHAY are subject to statutory audit, and the audited accounts are submitted to the State Government for review and inspection.
THE AKSHAY expansion program is on a fast track. THE AKSHAY is going to mark its presence throughout all the districts and tehsil headquarters of our operational MP state. With a friendly, caring approach for its members combined with a sense of security and peace of mind, THE AKSHAY hopes to enjoy presence in other states in the coming years.
Work Strategy
Holistic Credit Support for Member Prosperity
The Akshay Credit Cooperative Society Ltd” extends credit facilities to its members by adopting “Microfinance” with “co-operative credit”. This unique scheme is highly effective and appreciated on a large scale. THE AKSHAY identifies potential borrowers from and within its members to facilitate loans and advances at the most competitive interest rates.
From time to time, THE AKSHAY provides market value-adding services to its members. Ongoing training and skill development programs are regularly conducted for the benefit of members/borrowers so that, post-lending, they succeed in their economic activities and improve their livelihood and earnings. In this way, the very purpose of extending finances is achieved.
This approach of THE AKSHAY for its members is highly effective and widely appreciated.
Our Vision
To be the most admired Credit Society in India
To make financial services universally available; to promote poverty alleviation through the development of a strong, sustainable economic infrastructure using financially sound market mechanisms
Our mission
Explore and enhance the quality of life of Member through financial security by providingproducts and services that would be helpful to him in his path to prosperity
- Linking the promotion of sustainable livelihoods with income-generation activities for the community
- Ensure that all members follow the democratic way of making policies and electing representatives and have an equal voice
- Ensure that all profits are controlled democratically by members and for their benefit
- Enhance accessibility of financial services
Objectives
We built a relationship of mutual trust and benefit to serve the member and achieve impeccable reputation and credentials through best business practices
- Inculcate good habits of savings in the cooperative members.
- Focus on poor, low income and deprived people of the community, especially Those who have no accessibility to any financial institutions.
- Seek active participation of all members without any kind of social, racial, political, gender or religious discrimination
- Provide education, training and information to develop their members as well as their staff
Our Emphasis
Over the past 2 years, THE AKSHAY has been actively engaged in executing innovative perspectives on crucial issues in livelihood generation and financial inclusion, demonstrating new ways of empowering communities through credit lending and entrepreneurship.
With more than 7,500 member-beneficiaries and a lending portfolio of ₹25 Crore, Akshay Credit is proud to affirm that the fundamental principle of ‘SMALL’ has had a positive impact. It has been a meaningful exercise to extend small loans for small activities for a short period of time, ensuring high efficiency and high returns.
At Akshay Credit, we provide safe, affordable access to funds for those in need, thereby helping people create better lives for themselves and their families. In other words, we lend credit to those in need. This money is used by the member-borrower for the betterment of his/her personal and/or professional life. It is often used for self-employment projects that generate income, allowing them to care for themselves and their families.
Access
Members can access THE AKSHAY either by personal visit to any of its offices, branches or by calling our dedicated sales executive or financial advisers. 21st century adapted members and advisers can equally access us through Internet or mobile apps by using their member id and password.
The founders
At Akshay Credit Co-operative Society, our journey began with a simple yet powerful vision — to bring financial inclusion and trust to every doorstep. When I founded this society, it was driven by the belief that access to fair and reliable financial services should not be a privilege, but a right for all.
Abhay Somani
Interested to join our team?
At Akshay Credit Co-operative Society, we don’t just offer jobs — we build careers rooted in purpose, growth, and community impact. We are always looking for dedicated, honest, and enthusiastic individuals who are passionate about empowering people through financial services.