Akshay Credit Co-Operative Society Ltd.

Akshay Credit Co-Operative Society Ltd. (ACCSL) is a member-owned credit co-operative society based in Mandsaur, Madhya Pradesh, India. Registered under the State Cooperative Societies Act, 1960, with registration number DR/MDS/1077, the society operates on co-operative principles: it exists to promote the social and economic betterment of its members through self-help and mutual aid, encouraging thrift and regular savings while providing credit to members for productive purposes. Its stated principal object is to serve its members exclusively, and it describes itself as a fully democratic organisation whose governance is vested in its members rather than in private owners. The society provides deposit and loan facilities to eligible members. On the deposit side, it offers daily, monthly and fixed deposit schemes, advertising interest rates of up to 11.721%, which it positions as higher than those of traditional banks. On the lending side, it offers personal loans, gold loans and business funding, with quick disbursal and minimal paperwork, advertised at 12% per annum. Because it is a member-owned co-operative rather than a bank, ACCSL states that profits are shared with members through better returns on deposits and lower lending rates. ACCSL reports a member base of more than 60,000 individuals. Its branch network is concentrated in the Ujjain division of Madhya Pradesh, with branches listed in Mandsaur, Manasa, Garoth, Neemuch, Sitamau, Ratlam, Jaora, Agar, Nagda and Alote, among others. The society's team page states that it is spread across 11+ cities in Madhya Pradesh, with branch managers, finance officers, field representatives and a board of directors forming its workforce. It emphasises staff training, describing a full-fledged in-house training establishment that conducts courses to upgrade skills and functional efficiency, with the aim of making the society a "Member's Delight." As a co-operative society, ACCSL is not listed on any stock exchange and is not a subsidiary of a larger corporate group; it is owned mutually by its members. Its leadership includes individuals such as Abhay Somani and Dinesh Bhawsar, named on the society's team page. The society continues to position itself as a community-focused, technology- and product-innovation-oriented financial institution serving the inclusive financial empowerment of its members in its home region.

Akshay Credit Co-Operative Society Ltd. (ACCSL) describes its beginning as "very humble but very inspiring." The society is registered under the State Cooperative Societies Act, 1960, with registration number DR/MDS/1077, and is based in Mandsaur, Madhya Pradesh, India. From its founding, its principal object has been to promote the interests of all its members and to attain their social and economic betterment through self-help and mutual aid in accordance with co-operative principles. It also aims to promote thrift, mutual and self-help, and co-operation among members, to encourage regular savings, and to provide credit to members for productive purposes. The society has grown into a member-owned institution with a reported member base of more than 60,000 individuals. It operates a branch network concentrated in the Ujjain division of Madhya Pradesh, with branches listed in Mandsaur, Manasa, Garoth, Neemuch, Sitamau, Ratlam, Jaora, Agar, Nagda and Alote. Its team page states that it is spread across 11+ cities in Madhya Pradesh, and a Wikidata description likewise notes 11 branches in the Ujjain division. The society emphasises that it is not a personally owned institution but a society mutually owned by its members, who are exclusively served, and that it does business for the mutual benefit of its members only. It describes itself as a fully democratic organisation. A distinctive element of ACCSL's development has been its investment in people. The society states that it has recognised that the best of investments are investments in people and has accordingly assigned considerable importance to training its staff. It claims a full-fledged training establishment with very few parallels in the sector, where in-house training courses are conducted almost continuously in a professional manner for the upgradation of skills and enhancement of functional efficiency, with the goal of making the society a "Member's Delight." Every employee is given a clear idea of his role to enable more efficient functioning and better results. In its current operations, ACCSL provides deposit and loan facilities to eligible members. It offers daily, monthly and fixed deposit schemes with advertised interest rates of up to 11.721%, and personal loans, gold loans and business funding at 12% per annum with quick disbursal and minimal paperwork. The society frames its co-operative model as an alternative to banks, stating that profits are shared through better returns and lower lending rates. Its team includes a board of directors, finance officers, branch managers, local branch staff and field representatives, with named individuals such as Abhay Somani and Dinesh Bhawsar appearing on its team page. The society also presents itself as pursuing change through technology and product innovation while maintaining a community-focused, member-first approach.

• Registered under the State Cooperative Societies Act, 1960, with registration number DR/MDS/1077

• Grew to a reported member base of over 60,000 individuals

• Operates 11+ branches across cities in Madhya Pradesh, concentrated in the Ujjain division

Member-owned co-operative society offering higher deposit returns and lower lending rates than traditional banks, with personalised, member-first service.

• Daily deposit schemes

• Monthly deposit schemes

• Fixed deposit schemes (interest rates up to 11.721%)

• Personal loans

• Gold loans

• Business funding

1. 1akshaycredit.comakshaycredit.com
2. 2About us – akshaycredit.comakshaycredit.com
3. 3About the team – akshaycredit.comakshaycredit.com
4. 4Akshay Credit Co-Operative Society Ltd. – Wikidatawikidata.org