Dear members,

as per the Approval of the house of the AGM held on 05.02.2025, following decisions have been taken:  

1.Dividend for the FY 2023-24 @ 12%  Has been disbursed to the bank A/c  of the eligible members. 

2. Gift for the FY 2023-24  is Amazon e-gift vouchers of denomination of Rs. 900/-. The same has been sent to the eligible members through SMS (SMS Header : BL-JETCCS). Please make sure that the  header BL-JETCCS is not blocked or marked as spam in your mobile handset.  In case of non receipt of the Amazon eGVC, please intimate us through email. Validity of e-GVC is upto 11.03.2026. 

Click here to know how to use the Amazon e-Voucher Code.

3. The rate of interest on lending has been reduced to 6% from 7.2% per annum and the rate of interest on deposits (Thrift fund, Guarantee fund) will be 4%. Both will be effective w.e.f. 01.4.2025.  This change will be applicable to existing as well as new loans also.

4.The tenure of emergency loan has been increased to 21 months from existing 15 months. This will be applicable to the loan issued on or after 01.04.2025.

----------------------------------------------------------------------------

Dear Members,

 This is to inform you that due to an unprecedented surge in loan applications, we are currently experiencing a higher-than-usual demand for loans.  Due to high demand, there is an unavoidable delay in disbursing the loans as we have limited availability of funds. We understand that this may cause some inconvenience, and we sincerely apologize for any delays or limitations you may encounter.

  ------------------------------------------------------------------------------------------ -------------------------------------

No Loan will be issued without valid NACH mandate. To create / modify NACH mandate pleae go to 'E-NACH Portal' under quick links mennu.