About the organization

सIn the year 2002, Galai businessmen came together and presented the idea of ​​establishing an organization to Honorable Pratap Sheth Dada Salunkhe. At this time, the condition of cooperatives was very bad, many organizations were bankrupt and some were on the verge of bankruptcy. There was an atmosphere of volatility among depositors. Taking a decision in such a situation was very risky.Hon. Dada and Hon'ble Vitthal Salunkhe, who had thorough knowledge of the banking sector, decided to study this and meet the challenge. Dada decided to correct the mistakes made by other institutions and provide loans at low rates and with safe collateral And the institute was established on 26 June 2002. Immediately on 11 July 2002, the institute was inaugurated by Hon'ble Dr. Patangraoji Kadam, Hon'ble Jayantraoji Patil and Hon'ble Harsh Vardhanji Patil. On this occasion, grandmothers and former MLAs from all parties attended the event. And that turned out to be the last political event.

After the establishment of the organization, the business started without bringing any politics. On the first day, 500 members gathered one crore 25 lakhs. Huge response from Galai businessmen Bangalore, Chennai, Nellore, Madurai, Salem, Coimbatore, Chengana Sheri, Kottayam, Trishul, Calicut. At this time, huge interest was charged on Sonetaran loans. The organization initially provided gold mortgage loans in the low interest market and broke the monopoly of moneylenders and created an affordable option for the needy.In the period after this, loans were made to the small traders, vegetable traders and made patwans, the loans were repaid by the pygmies and co-operation was incarnated in true sense.

The organization was progressing day by day. The loom, vegetable, poultry, grape tradesmen in our area became members and the organization started providing loans to all sectors. Due to the fact that the members who are members of the association are spread all over the country for the purpose of business, the organization got the multistate status in 2012 and became the first organization in West Maharashtra to have a multistate organization. From the very beginning, the institution embraced modernity. The first currency and pygmy collection was done on computer. The principle of service and safety has been followed by the organization since its inception. To keep their investment safe, the board of directors as a trustee distributes loans strictly and safelyAs it strives hard for recovery, the ratio of arrears and NPAs has remained minimal in the last fifteen years, while maintaining a balance between staff members and depositors. And in this way strategic decisions are made and the affairs of the organization are kept completely transparent. The members will be the only organization maintaining the practice of knowing full information at the main office on working days between four and five in the afternoon. The annual report contains reliable information. The organization has consistently received audit 'A' grade.Behind this are the trust of members, depositors, creditors and well-wishers towards the organization, the affinity of the employees towards the organization and the efforts of the board of directors. As a result of all these, the organization has received as many as 17 awards. Financial position has been strengthened by provision of own funds. The movement of the organization is going on in a planned manner towards the achievement of the objective. Efforts are being made to widen the scope of service through branch expansion of Shiv Pratap Credit Institution. The organization has set a target of completing a business of 250 crore deposits and 450 crores by the year 2023. Taking everyone along will keep the flag of success flying with the cooperation of all of us.