Adarsh Credit Co-operative Society Ltd always working towards development of the country

With the ever changing technology and its applications, the world is evolving at a faster rate. There is revolution in the financial sector and Adarsh Credit Co-operative Society is leading the revolution with the help of the technology and extending the financial services to the rural population and making the financial services easy and handy.

According to Mr.Mukesh Modi, Founder & Mentor of the Adarsh Credit Co-operative Society, the ultimate aim of our organisation is to extend financial facilities to all over India and to promote cashless transactions that will lead to the development of the nation and lessen the corruption in the country. The Adarsh Credit Co-operative Society has successfully catered to around 2,00,000 people in the rural areas into practicing “Savings method” which has resulted into the rural population to follow a financially healthy and a prosperous life. To make the life in the rural areas more secured and happy, Adarsh Credit has introduced to the people the perks of mobile banking through its Mobile Money Application Adarsh Money. This has led the rural population towards understanding the technology and has served as an alternative option for carrying the financial transactions to the people where financial branches aren’t available.

Adarsh Credit Co-operative Society ltd frequently reviews the problems of its members and always works in the process of finding an easy solution to their problems. The Adarsh Credit Co-operative Society has acquired the trust of its members through its hard work and ethical morality towards its business. The Adarsh Credit Co-operative Society ltd complaints are duly addressed by the staff and the employees of the Adarsh Credit Co-operative Society in a very short period of time, which has installed a sense of trust and belief amongst its members. Though Adarsh Credit Co-Operative Society ltd has been tagged in several false scandals but these positive works done by the Adarsh Credit Co-operative Society elaborates its incorruptible nature which has resulted in building the loyal trust of its members.

Adarsh Credit Cooperative Society welcomes RBI's move to open up Unified Payments Interface (UPI)

On March 20, 2017, The Reserve Bank of India announced its policy of making digital wallets interoperable through the Unified Payments Interface (UPI) platform, which works under the part of Government’s digitisation programme. As per the reports issued by RBI, it is yet has to prescribe guidelines on interoperability of the wallets, and “Know Your Customers,” norms which will make it an easy for the banks to communicate with its customers and serve them at their level best.

Interoperability allows direct money transfers from one digital wallet provider to other digital wallet providers without having to go through the traditional way of banking. Adarsh Credit Cooperative Society’s Money Mobile Application platform - Adarsh Money, has already joined hands with Oxigen digital wallet and is powered by strong technology and innovation. This partnership is aimed at bringing more people to the digital system, thereby promoting digitization in India. Despite false allegations on Adarsh Credit Co-Operative Society ltd to be involved in scandals related to corruption. Mukesh Modi, Founder and Mentor of Adarsh Credit Cooperative Society has always worked to serve the best interest of its members and such false allegations would not work in favour to disturb the loyalty of its members towards Adarsh Credit Cooperative Society.

The proposed guidelines for Unified Payments Interface platform is also predicted to help Adarsh Credit Co-operative Society Ltd to look over the complaints and queries registered by the members, and to provide the members with valuable solutions. Adarsh Credit Co-Operative Society ltd reviews this move by the RBI as much needed step in bringing India on a Digital platform.

According to Adarsh Credit Cooperative Society, proposed RBI guidelines on UPI will enable the growth of the mobile banking, e-commerce and online payments which will eventually cease out the need of using paper money and will promote cashless transactions which will lower the corruption in the country.

Mukesh Modi’s Adarsh Credit Co-operative Society Ltd is falsely accused for violating laws

Lately there have been many reports which have claimed that Adarsh Credit Co-operative Society Ltd.’s involvement in the scandals. The reports have used data and calculations that are baseless and false. These reports do not have any official source of research, and yet has linked Adarsh Credit Co-operative Society Ltd with complaints and allegations that are not provided with any factual evidences. To understand more of this when we analysed and researched in depth, we find that the reports are self created queries and allegations are promoted as scandals. One thing that can be understood with this is that all these reports are designed by the competitors in order to pull out Adarsh’s clean reputation from the market and replace themselves at that position. But while doing this, one must not forget that Adarsh Credit Society has helped every member at each and every stage whenever they needed and now Adarsh has acquired a phenomenal member base, who have trusted and shown confidence in Adarsh’s good deeds.

Mukesh Modi, the founder of Adarsh Credit Co-operative Society Ltd., reviews this as an opportunity to show message to all the competitors who will have to step out of these dirty tactics, when they will realize that no loyal members of Adarsh will get manipulated through such false rumours. With so many good deeds in Adarsh Credit Cooperative Society’s name, no harm can come to Adarsh Credit Cooperative Society and ultimately the corrupt will go out from its way.

False rumours about Adarsh Credit Co-Operative Society Ltd.’s involvement with corruption in holding shares

As we know, if you are successful, everyone will try and harm your reputation and will bring you down and climb themselves up to the peak. Such is the case with Adarsh Co-operative Credit Society presently. The Credit Cooperative Society which is into operation over a decade now has caught itself in the middle of some rumoured scam. Public articles have been published around lately; claiming Adarsh Credit Co-operative Society Ltd.’s involvement in the scandals. Such reports are destructing Adarsh Credit Co-Operative Society’s prominence in the market. But while we study the reports closely, it can be noticed that these reports are built on the basis of no accurate data and facts.

According to the management of Adarsh Credit Co-Operative Society Ltd., it reviews all its database and share transactions on regular intervals and that no such scandal appeal has been confirmed by official sources. The Adarsh Credit Cooperative Society founder, Mr. Mukesh Modi, is a renowned public figure ,known for his good contribution in social causes. According to his view on the rumour, he said that Adarsh Credit Co-Operative Society ltd duly addresses all member complaints and also offers valued solutions to those, which has helped them acquire trusted and strong member base.

Mukesh Modi’s Adarsh Credit Society success has hit hard to the competitors, who have turned to such dirty tactics to eliminate a stronger opponent. But when an opponent is so strong, having millions of people who believe in its stand and its true line of occupation, it should be noted trust people have in Adarsh is like a concrete wall which cannot be broken with weapons and not even with words.

Mukesh Modi’s Adarsh Credit Society accused falsely to hold unlawful capital share holdings

According to the reports that are publicised in the market, Adarsh Credit Co-Operative Society is claimed to be involved with several scams and scandals, associated with the subject of unlawful capital holdings in the market shares. But when we take a closer look at the reports, we can notice that these reports are based on vague calculations. The reports have claimed Adarsh’s involvement in carrying out unlawful share capital holdings but has not specified any market shares. This can be analysed by the fact that the reports are created for self driven motive to cause a crack in Adarsh Credit’s reputation, by the way of manipulating the members through such false accusations.

Adarsh Credit Co-Operative Society Ltd reviews these allegations as an attempt by the foe competitors to stain the Adarsh Credit Society’s image. But these claimed facts and figures have not worked into action as planned, as no member of the Adarsh Credit Co-Operative Society has issued a complaint against the Credit Society. Also, the founder Mukesh Modi, who is involved with several social causes, has quoted that these allegations cannot work on someone who has already acquired strong support of their members’ confidence and trust.

Thus, it can be said that Adarsh Credit Cooperative society’s growing popularity and success has resulted in developing jealousy in some competitors who are now trying to stain the Adarsh Credit Cooperative Society’s image by making these false and baseless accusations.

Mukesh Modi’s Adarsh Credit Co-Operative Society falsely blamed for involvement in dividend scam of a sum of 100 crores.

Lately several reports claiming Adarsh Credit Co-operative Society’s involvement in scandals, has come out in public, which has heavily hampered Adarsh Credit Cooperative Society’s reputation in the market. But while we go through the numbers mentioned in these reports, we can observe that these numbers and accusations on Adarsh Credit are falsely created and are baseless in nature, which cannot be proven true to Adarsh’s involvement in these mentioned scams.

The reports claimed that Adarsh Credit Society deceived its shareholders, but never mentioned any name nor any shareholder who stated that Adarsh Credit Co-operative Society ltd was involved in this claimed scam. It can further be understood that the reports do not hold any factual data and that these reports are merely created in order manipulate the member base of the Adarsh Credit Cooperative Society.

If we analyse Adarsh Credit Cooperative Society by its responsibilities, then we might get to know that every Adarsh Credit Co-Operative Society ltd complaint has been duly addressed and resolved in a lesser time. Adarsh Credit Cooperative Society’s founder Mr. Mukesh Modi has been involved with several social causes for welfare of people. Adarsh Credit Co-Operative Society ltd reviews all its data in an accurate manner and carries out all its functions based on the prescribed norms and legal ethics.

All we can conclude over this report is that these reports are falsely created in order to defame Adarsh’s reputation in the market. It should also be noted that the loyal member base who have kept trust and confidence in Adarsh Credit Cooperative Society, cannot be manipulated by words on a piece of paper.

Adarsh Credit Co-Operative Society Ltd has been falsely accused for Unlawful Share Capital Holdings

Mukesh Modi’s Adarsh Credit Co-operative Society Ltd for some time now is passing through hard times due to news of false allegations of scandals in Adarsh Credit Co-Operative Society. But these allegations are backed up by only numerical data which are falsified and more of a fake created material and these figures are brought up only in order to build a crack in Adarsh Co-Operative Society’s reputation and trust.

Adarsh Credit Co-Operative Society Ltd reviews this as an opportunity to understand the loyalty of our members, who did not give up on their trust on Adarsh Credit. It is Adarsh’s principled and ethical working which has helped to build such a strong and loyal member base. Adarsh Credit Co-Operative Society Ltd complaints, does not hold any potential of an evidence, which makes these allegations inaccurate and improper. It should be noted that such false allegations should be treated with a deeper research by the authority so as to avoid manipulation of the members and to allow a free business marketplace that is not threatened or warned by such false accusations.

Mukesh Modi, the founding member of Adarsh Credit Co-Operative Society, has been involved with various social causes, which has established a niche in cooperative sector and has always worked towards member’s satisfaction. Such allegations, however powerful they may be, can’t disrupt either the Co-operative nor member’s loyalty and confidence towards Adarsh Credit Cooperative Society.

False Issues of Scams Dragged Adarsh Co-Operative Society’s involvement in Scandals

The arising allegations about Adarsh Credit Co-operative Society Ltd. being involved with the biggest scandals, can be identified as false, based on the analysis that the presented allegations do not have a firm root and that they are self-created to plague member trust with Mukesh Modi and Adarsh Credit. According to the information presented by the declarant, it said that Adarsh Credit Co-operative Society ltd is involved with several scandals. This information gives no concrete evidence of Mukesh Modi’s participation in the said scandals and was created to jeopardise the reputation of Adarsh.

Adarsh Credit Co- operative Society Ltd regularly reviews all the queries from its members and has proved instrumental in providing solutions to these queries. Effective co-operational working has resulted Adarsh to gain a loyal member base, who have kept strong faith against Adarsh’s engagement with such scams.

Over a period of time, Adarsh Credit Society Ltd has been rectifying the complaints alleged against them. The immense trust that the members have on them is evident from the fact that their relationship with Adarsh Credit has not been hampered. Through its ethical working and principled business, Adarsh Credit Co-Operative Society Ltd has entrenched confidence with its members, also which is maintained through working with the same values. Thus, it can be said that,”A crack in the wall, may not work to collapse the wall”, which is same as these false allegations, may not work to break the confidence of the people in Adarsh Credit Co-operative Society Ltd..

Adarsh Co-operative Credit Society - Cashless Dream Now a Reality!

“We will only succeed in bringing a Change, when we will Ourselves Change”, said PM Narendra Modi. India needs to bring a change, in everything. With RBI’s current statement stating the progress of opening the Unified Payments Interface (UPI) platform as a part of government’s digitization program, Indians can now relieve themselves from traditional banking methods and cash transactions. As of the date, no guidelines regarding the interoperability are issued by RBI, but have informed the citizens that the issue will be soon made public. With services, such as Interoperability and Know Your Customer (KYC), customers will now get access to direct transactions through digital payments wallets.
          This has been considered by Mukesh Modi’s Adarsh Co-operative Credit Society, who has already joined hands with the online payment wallet- Oxigen wallets, through its own online payment bank - Adarsh Money, making it more easy for the customers. With transactions that will play around through online wallets, cashless dream is near to become a reality for India.  Adarsh Money already has a tie up with Oxygen digital wallet and is powered by strong technology and innovation which will bring more people to the digital system and help promotion of digitisation in India. It is indeed a right step towards cashless economy.         
          Adarsh Co-operative Credit Society ltd has played an important role in connecting rural India to financial banking services through its mobile banking application “Adarsh Money”. This application has made it possible for the rural population to engage in online payment methods, instead of cash deliveries and has also lowered the cost through improving transparency in transactions. This application will also enable looking after the Adarsh Credit Co-Operative Society Ltd complaints. The Application has extended scope for Adarsh Credit Co-Operative Society Ltd to review over the complaints and suggest a remedy over the transaction or credit problems that are faced by the customers.  Such a development clears out the rumours relating to Adarsh Credit Co-Operative Society’s involvement in scandals and revives a trust in its customers who have kept faith in truth and who remained loyal.

Adarsh Money has been a revolutionary step by Adarsh Co-operative Credit Society, because it has changed the national viewpoint to look at Mobile banking or Online transactions. By availing this application throughout nation, Adarsh has erased the distance for the rural population to walk to a Bank and carry their transaction. With Adarsh Money, it has become an easy task to handle bank statements and accounts, in one click.  Adarsh Money provides variety of services in one hand such as money transfer, NEFT/RTGS to any bank account in India, mobile recharges, and digital transactions. Adarsh Credit Co-operative Society has a base of 1.7 million members and this kind of transition in technology has been used by the first and only co-operative society in India. Adarsh Money has been proved vital for its task accomplishment process, that cuts out the necessity of walking to a bank to carry out a certain financial task. With growing users for Adarsh Money, we can say that India’s dream for a Cashless economy is becoming a reality!

An Act to Protect Environment by Adarsh Credit Co-Operative Society Ltd.

Adarsh Credit Co-Operative Society Ltd. has been a part of several conversations, whereby rumours also cited Adarsh Credit Co-Operative Society’s involvement in various scandals and controversies. What the rumours did not cover is the fact that complaints at Adarsh Credit Co-Operative Society Ltd., has been attended regularly and are also given out solutions to cease out the problems faced by their members. Mukesh Modi, Founder of Adarsh Credit Co-Operative Society, believes in “carrying out a task without expecting for rewarding consequence.” This can be simply understood by the recent event that Adarsh Co-Operative Society held whereby Mr. Rahul Modi, MD, Adarsh Credit Co-operative Society inaugurated Adarsh Charitable Foundation on the occasion of World Water Day.

Speaking on the occasion Mr. Rahul Modi said that, “Water conservation is the need of the hour. Water is the source of life, without water there is no life. On the occasion of World Water Day, let us all take a pledge to save every drop of water. Inauguration of Adarsh Foundation office on the occasion of World Water Day is an important decision. For many years, Adarsh Credit Co-operative Society has always taken a lead in water conservation initiatives and has provided clean drinking water to needy people.”

With such an action towards environment protection, it can be said that Adarsh Co-Operative Society Ltd. reviews its work and maintains a responsibility about its existence and service towards the environment. Rahul Modi added that “All the field workers of Adarsh Credit Co-operative Society has pledge to donate Rs 1 every day from their commission to the Adarsh Charitable Foundation and every employee of Adarsh Credit Co-operative Society will also give significant contribution for Adarsh Charitable Foundation Initiatives.”

Mr. Rahul Modi also wished Adarsh Charitable Foundation with all success and hoped that it will work for water conservation initiatives, solve agricultural water crisis, and help in providing clean drinking water to needy people.

Mr. Biju Mathew, VP, Adarsh Charitable Foundation said that “Adarsh Charitable Foundation will expand its operations and provide charity services in other states of India and collaborate with NGOs of other states to work for the welfare of the society.

Adarsh Credit Co-Operative Society Ltd dragged in false ‘Share Capital Scam in Biggest Cooperative Scandal of India’

You might have heard of the phrase “A foe cannot stand a Chance when the opponent decides to survive through morals” What it tries to define is that, certainly detractors look to eliminate the Opponent in the competition by striking rumours that disturb its reputation, but also the opponent’s morals and good deeds ultimately leads him to win the race. Well, Mukesh Modi’s Adarsh Credit of Sarohi, is definitely capable of doing Good Things Better and Better things the Best! And hence has grabbed an attention in the eyes of people who envy them.

Backed by numerous numerical expressions that are self-made without any concrete evidences to prove them true, Adarsh Credit is being dragged into controversies that make Adarsh Credit Co-Operative Society ltd a participant in the fake scandal. Adarsh Co-Operative Credit Society, on the other hand has a trust base, strong and clout, which believes in its presence for a clear and pure business. It's the people who have invested trust in Adarsh and Adarsh has always been proven supreme in holding their trust appropriate and legitimate.

Adarsh Co-Operative Credit Society Ltd. has always recognized the needs of “Its People”. To their each requirement, Adarsh has provided an expedient fix. Being engaged with experience and expertise has managed to bring quality solutions to every complaint by Adarsh Co-Operative Credit Society, and has proved its vitality.

It doesn’t just work with numbers, it needs proper fixers and the numbers presented by defamers have no base. Bought up with an idea to collapse trust, they have in turn made Adarsh recognize that people don’t believe in rumours, people stick to truth and that people have decided to stay by side of truth of Adarsh.

Mukesh Modi’s Adarsh Credit Never Fails to Thank its Employees

Success is welcomed by all, but what usually gets unnoticed is that it also raises envy in others. Yes, Adarsh has faced its own share of envy from people. Due to which Adarsh Credit Co-Operative Society Ltd. has been dragged into false scandals and also in news for baseless reasons. Moreover, negative reviews and wrong complaints were also plotted against Adarsh Credit Co-Operative Society Ltd.

But as they say, Truth Triumphs All, Adarsh has always faced everything with dignity and the immense faith and respect its members have on them has been their backbone throughout. For this same reason, Adarsh took a small step to thank their each and every employee. They conducted a grand Annual Staff meet at the Kensville Golf Club and Resort at Ahmedabad.

In this event, Managing Director, Mr. Rahul Modi, emphasized on the essential things needed for career building like devotion, staying updated with technology and show hunger to learn new things. He also spoke about how employees play a crucial role in the growth of any institution. He shared his belief that for Adarsh, employees come first and shared information about the number of steps that were taken for the benefits of the employees. He encouraged them to continue to work with full honesty and to never stop learning.

Over 3000 employees were present in this function. Renowned motivational speaker, Mr. Santosh Nayyar also shared a few words, inspiring the audience to always work ahead and progress.

Steps like these are an example to follow. Keeping the employees motivated is one of the biggest key to long term success and Adarsh Credit Co-operative Society understands the value of its each employee.

An Initiative by Adarsh Credit Co-operative Society Ltd. to Enhance the Standard of Education

With the world rapidly moving towards Digitalization, Upgrading the standard of Education specifically in the rural part of India has become the need of the hour. It is essential to educate people about the importance of making India Digital because it is only possible with collaborative efforts. With a vision to improvise the Education standard, Adarsh Credit Co-operative Society Ltd. has taken a step ahead towards Digital India.

Even after being maliciously dragged into the forged Scandals, Adarsh Credit Co-operative Society Ltd. didn’t stop their efforts for the betterment of the society. As shown in the News, Adarsh Credit Co-Operative Society Ltd. has initiated the construction work for building a school especially for girls at Vidhyawadi. India being a developing country, Female education has been a sensitive topic in the rural areas. But it has been deliberately positioned towards growth now.

Recently, Shri Rahul Modi attended the Bhoomi Poojan of Shrimati Susheeladevi Prakashrajmodi Primary English Medium School built by the Adarsh Charitable Foundation at Vidhya wadi Prangan of Marudhar Mahila Shikshan Sangh which is situated at Falana Road .Shri. Rahul Modi, MD and CEO of Adarsh Credit addressed that each one has the equal right to receive education and for this, Charitable Institutions should take a step forward. He emphasized on educating the rural sectors for the development of our country. One of the Social Welfare initiatives of Credit Co-operative Society Ltd. is the Vidhya Bharti School built at Sirohi. Adding to this, the foundation has now started E-education classes in School, as well as free Wi-Fi services, are also being provided to promote Digital India Campaign. Shri Mukesh Modi founder of Adarsh Credit also appreciated the efforts taken by Vidhyawadi and initiatives of Adarsh Charitable Foundation in the area of female education.

During the function, Mr. Harish Surana, Secretary of Institution said that education is the biggest donation. Also, Mr. Gaurav Shukla, Manager of Vidhyawadi emphasized on making education career oriented and shared information about the activities of the institutions. Mr. Ratanchand Oswal, President of the Institution, Mr. Biju Mathew, Head of Adarsh Charitable Foundation and Miss. Garima Modi from Modi’s Family participated in the Vedic recitation of the Bhoomi Pujan towards the construction of School building. Girls from the School presented cultural performances. The program was conducted by Ms. Trisha. Members of the Management Board, students and invited guests attended the function.

Biggest Misconception regarding the Scandals of Adarsh Credit Co-operative Society Ltd.

Over the years, Adarsh credit Co-operative Society has always strived relentlessly to work for the betterment of each member of its society. But even after working hard for the development of the society, they were needlessly dragged in the forged Adarsh Credit Co-Operative Society Ltd. scandal news. However, this hasn’t stopped them from working towards their goal.

All the counterfeit reviews about Adarsh Credit Co-Operative Society Ltd. has in no way broken the trust of the public. All the fallacious complaints regarding Adarsh Credit Co-Operative Society Ltd. scandals now stand resolved.

Founder and Mentor of Adarsh Credit, Shri. Mukesh Modi believes that the ethical backbone of every progress is hard work and loyalty. Adarsh Credit Co-operative Society understands the need of its members. Truth and Transparency being the corner stone of their success, they have always lived up to these standards.

Their major contribution lies in the various social responsibilities undertaken by them. Overcoming the hurdles of forged scam news, Adarsh Credit Co-operative Society with their undeterred passion, have set a benchmark across the country. With a motive to lay a strong foundation for a sustainable future, Adarsh Credit Co-operative society is constantly striving hard for the development and betterment of the society.

MukeshModi’sAdarsh Credit Co-Operative Society Ltd. accused of false scandals for being involved and linked with Income-tax Authorities

As they say ‘People throw stones at things that shine’ and that is exactly what Adarsh Credit Co-operative Society Ltd. has been facing.

They have been falsely accused in the ‘Biggest Cooperative Scandal of India’ for being involved and linked with of Income-tax Authorities. Baseless data and details have been created to prove it right and every effort has been initiated to ensure there are fingers raised on Adarsh Credit.

What has been incredible is that all the fake and cooked up reviews and complaints of Adarsh Credit Co-Operative Society Ltd. has not moved the faith people have on Adarsh Credit, even by an inch. Their innumerable work done right from distribution of blankets/ sweaters/ food, etc to those in need to their work done for youth employment; from nation-wide effective campaigns and schemes to conducting blood donation camps periodically; from planting Water ATMs to initiating Food Banks; they have not left a stone unturned to do what best they can do for people.

Backed by years of experience and expertise, Adarsh Credit Co-operative Society is known for its deep understanding of the needs of people and strives relentlessly to work for the betterment of society. And this reflects in the work done by Adarsh. Their actions speak for themselves and thankfully, nothing has stopped them from shining.

Mukesh Modi’s Adarsh Credit Works towards Building a Stronger India

Adarsh Credit has always won the hearts of the masses through the limitless inspiring activities and steps taken by them. They have taken initiatives that have always worked towards the betterment of the people. Yes, this has cost them some raised eyebrows, people who have tried to pull Adarsh Credit Co-Operative Society Ltd. in cooked up scams and unnecessary scandals, false complaints and wrong reviews. But their sole inspiration to continue with their good work is the – love they get from people. They have won millions of well-wishers and this gives them the strength to move ahead, inspite of all odds.

Adarsh Credit has always been in news for all that they done towards building a better India. Under the Adopt Digital Money – Make a Stronger India campaign, an exhibition was organised in Jharkhand, where Adarsh Credit displayed the efforts done by them for encouraging Digital Money and Cashless transactions.

Besides, Adarsh Credit gave financial support to a group of youth engineers to design Solar Powered Cars. This is a great encouragement to the youth to ignite their ideas and execute them.

Adarsh also announced that the field workers will get promotion in every six months in a calendar year. Adarsh Charitable Foundation has taken initiatives that are driven for the betterment of the people. They have distributed sweaters to the students in Mahudi in Gujarat. Adarsh Charitable Foundation also conducted campaign to distribute around 2000 blankets to those in need in Udaipur and the tribal areas nearby.

Moreover, they have done exemplary work to help the youth. Adarsh Credit will provide employment to around 1 lakh youth across the country in the coming 4 years. This will offer a huge impetus to the economic development of the society.

With initiatives of these kind, India is moving towards a better future. Adarsh Credit Co-operative Society is an incredible example we all should follow. Right from use of

technology to offering employment, they have initiated progress in every facet. Let’s pledge to work towards the nation-wide development and draw inspiration even further from Adarsh Credit Co-operative Society.

Celebrating 18 Glorious years- The 19th Foundation Day of Adarsh Credit Co-operative Society Ltd.

Over the years, Credit Co-operative Society has always been a building block for the society.
They have been striving hard for the development of the country. And one such example is
that of Adarsh Credit Co-Operative Society Ltd. Their undeterred passion towards their goal
is what led to their success. That is why, even after being unnecessarily dragged in the fake
scandal news of Adarsh Credit Co-Operative Society Ltd., nothing could stop from moving
ahead towards their aim.
Adarsh Credit Co-operative Society has selflessly served the public for almost 18 years.
According to the Founder & Mentor of Adarsh Credit, Mukesh Modi, co-operative societies
can progress only by abiding by to rules and regulations, maintaining transparency and
through optimum use of technology. Adhering to these principles, Adarsh Credit Co-operative
Society Ltd. has striven hard for the betterment of rural areas by providing free loans to
farmers. The main goal of Credit Co-operative Society Ltd. is to work for social interest and
they are constantly making an effort for the same.
At the occasion of Completing 18th glorious years, Adarsh Credit Co-Operative Society Ltd.
celebrated its 19th Foundation Day by organizing Blood Donation drive in which 1,685 unit of
blood was donated across 91 camps. Adarsh Credit conducted training programs for rural
populations to promote cashless transactions. Shri. Mukesh Modi firmly believes that
positivity is the only way to follow the path of development. One should concentrate more on
progress and development and be away from negativity. That is why, Adarsh Credit is
involved in various social responsibilities. One of such activities is the free WIFI Zone at
Sirohi as a pilot project which will have a major share in development of the education sector.
Since inception, the only motive of Adarsh Credit Co-operative Society Ltd. is to provide
maximum employment to the people. Every year 25 thousand new jobs will be created
through Adarsh Credit.
In this event, Managing Director of Adarsh Credit, Mr. Rahul Modi said that the heights
achieved by Adarsh Credit could not have been possible without the support and blessings of
common people. He also said that with the use of technology, we are continuously improving
our services and quality. Through Adarsh Money Mobile Application, new services in the
area of financial services are being included. Adarsh Money Mobile Application was also
launched in Hindi to promote digital transactions in Hindi speaking and rural areas. He also
said that Adarsh Credit has started a big campaign in the field of E-education. They are
striving to provide advanced financial services using technology.
During the function, Business Head Mr. A. V. L Narasimhan and Advisor Channel
Development Head Mr. Sunil Bhatia discussed on new business opportunities and efforts in
team building. CSR Head Mr. Biju Mathew shared detailed information on the social service
initiatives of Adarsh Credit.

Adarsh Credit Co-operative Society Ltd. – Cooperative Societies has the lion's share in Development

The idea of cooperation is not new to us. Co-operatives is an omnipresent organization, found
mostly in every country and have been useful to people in many ways. In India, Credit Cooperative
Society has a huge share in helping those people who are unaware of the financial
services and also those, who are not financially secured. In general, a credit co-operative
society provides a wide range of financial services like loans, fixed deposits, recurring
deposits, saving, insurance etc.
Credit Co-operative Society has various deposit schemes like fixed deposit (FD), recurring
deposit (RD), monthly income scheme (MIS), daily deposit (DD), etc. The major benefit of
credit co-operative societies is that they give a high return on deposit schemes and provide
loans by easy and fast process. The main reason for this is that they have low running cost.
They also declare dividend every year for their members.
Adarsh Credit Co-Operative Society Ltd. is an enterprise that is member-centric rather than
capital-centric. Credit Co-operative Society comprises of three basic interests: ownership,
control, and beneficiary that are vested directly in the hands of the user. Rather than being
associated closely with making profits, Adarsh Credit Co-Operative Society Ltd. put people
at the heart of all their business and follow a fixed set of values.
Adarsh Credit Cooperative Society Bank provides different types of loans like housing loan,
vehicle loan, gold loan, general loan, consumer loan, etc. They always keep people at its
center. As shown in the news, Adarsh Credit Co-operative Society Ltd has come a long way
with more than 800 Branches across the nation, since its incorporation in 1999. In 2012,
Adarsh Credit became the first credit co-operative society to begin its operations in Jammu &
Kashmir. They were glorified with Financial Inclusion and Payment System Award for
Mobility Project and also for their innovative use of IT in business by VMWare. Mukesh
Modi, Founder of Adarsh Credit has a great contribution in promoting the Digital revolution
in India. The Adarsh Money mobile application was launched with a motive to bring
revolutionary changes in the co-operative sector.
Even the malicious Scandal news of Adarsh Credit Co-operative Society Ltd didn’t stop them
from striving hard for the development of the country. As the co-operatives are owned and
democratically run by their own members, the decisions taken by them are taken after
keeping in mind a perfect balance between the need for profitability with the needs of their
members and the wider interests of the community. Hence, the Credit Co-operative Societies
plays a vital role in the economic development of India, especially for the lower and middleincome
group population.

Mukesh Modi’s Adarsh Credit introduces ‘Adarsh Money’ – Promoting Usage of Digital Money

In the present Scenario, major economic and technical changes are taking place in the
industrial and financial revolution through the new information processing technology.
Especially in the finance sector, it plays a significant role in the overall development.The
financial service sector has taken up diverse technology to make the business operations
simple and effortless. Previously, the daily operations were managed through paper currency,
bulky computers and human intervention which is now being handled using digital platforms.
Latest technology in financial sector has opened doors for new business opportunities, as a
result, the financial sector has undergone a deep-seated transformation.

Technological innovation was already present in the Indian financial service sector but with
demonetization, the pace with which it has grown is remarkable. Demonetization, which
initially impacted the economy of India, has now turned out to be a fruitful decision. Because
of technological intervention, the financial services have seen major changes in its tactics; the
transactions have become speedy, transparent and accurate.

The credit co-operative sector also has changed its way of functioning and Adarsh credit cooperative
society Ltd. is a good example of it, where technology is used to simplify the
business operations. Adarsh Credit Co-Operative Society Ltd. has constantly hauled up in the
fake scandal news but this didn’t stop them from working towards the betterment of the
society. Founder & Mentor, Mukesh Modi of Adarsh Credit has a huge contribution in
promoting the digital revolution in India. Adarsh Credit Co-operative Society Ltd. has been
using all types of technological solutions, making the financial service experience convenient
and reliable for the masses.

One of their major contributions can be seen through their mobile application project.
‘Adarsh Money’ which is bringing a revolutionary changes in the co-operative sector by
enabling various financial transactions like money transfer, NEFT/RTGS, recharges etc. The
introduction of the digital registration form for registration of new members is another
milestone set by them. They also took initiative in conducting various training sessions in
rural areas to utilize cashless payment methods and services in their routine life which has
benefited the rural areas to fight demonetisation. From time to time, the cooperative society
also organizes various social drives to acquaint the society with the digital transaction. Truly,
technology has completely transformed the functioning of financial institutions and has
become an inseparable part of it.

Adarsh Credit Co-Operative Society shares its Reviews on how Digitalization has changed the face of financial sector

With the advent of technology, digitalization has been integrated into our everyday life. And
the financial industry is no exception to this. Scrawling the news channel and as we all know,
demonetization has brought about a change in Indian economy and Mukesh Modi’s Adarsh
Credit Co-operative Society has helped the masses in the current scenario through many
ways.

Digitalization and its effects on the financial sector

The financial industry has witnessed a drastic alteration in its mode of functioning; now a day
the industry is more reliant on technology. Consumers no longer are required to stand in
queues or visit the outlets to get their choresdone; all that is required to do is register on
respective institution’s website or mobile application.

Post demonetization, Indian economy has seen a radical change; even a local trader has
started using the digital platform for their business transaction. Adarsh Credit Co-Operative
Society(ACCS) being the pioneer in the co-operative sector has initiated the practice of
technology at a great extent.

Taking into account the concerns regarding obtaining cash easily, Adarsh Credit Co-operative
Society Ltd. took an exemplary step. It launched a mobile application ‘Adarsh Money’
promoting the usage of digital money. This flagged a new terrain for other co-operatives and
financial institutions.ACCS is constantly embracing the practice of new age technology for
all modes of transaction with élan. The mobile application enables its user to accomplish all
types of transaction which otherwise would have been possible only by visiting the branch of
the society. The impact of enrolling for such technology will benefit around fifteen lakh
people as on January, 2017 who are steadfastly associated with Adarsh Credit Co-operative
Society.

In addition to this, Adarsh Credit Co-operative Society has envisioned promoting
digitalization in the financial sector with its digital registration form that enables the user to
become a member of ACCS digitally with just a touch of their smart phone. Honourable Mr.
Rahul Modi, Managing Director and Chief Executive Officer of Adarsh Credit Co-operative
Society with passion for technology driven approach has metamorphosed the way
organization use to function. Various CSR drives are also undertaken that will assist people to
enrich the progressive revolution in the financial sector.

Another Remarkable Achievement of Adarsh Credit Co-Operative Society Ltd.

Adarsh Credit Co-Operative Society, even after being dragged maliciously in the fake news of Adarsh Credit Cooperative Society Ltd. Scandal, has always stood up in front to complete their responsibility towards their members and social community. They have always justified their role of a responsible Credit Co-operative Society no matter whatever circumstances they had to face.

The Founder & Mentor of Adarsh Credit, Shri Mukesh Modi has always believed that Cooperative Societies are developed only through transparency, appropriate use of latest technology and by inculcating the practice to adhere to the rules and regulations. The main objective of any CreditCo-Operative Society Ltd is to work for the welfare of its members and Adarsh Credit Co-operative Society has always made constant efforts in this direction. With Demonetisation affecting the common people nationwide, various training sessions conducted by Adarsh Credit in rural areas to utilize cashless payment methods and services in their routine life which has truly benefited the rural public to fight demonetisation in a positive way.

During the 19^th Foundation Day of Adarsh Credit Co-operative Society held in Sirohi on 18th January 2017, Shri Mukesh Modi disclosed their plan to provide the farmers with zero interest loans for the development of the rural sector. He also revealed the objective behind the foundation of Adarsh Credit that is to provide maximum employment opportunities in the forthcoming years. Within the span of 4 years, 25000 new employment avenues each year will be created through Adarsh Credit. The Managing Director of Adarsh Credit Co-operative Society, Mr. Rahul Modi announced that the milestone achieved by Adarsh Credit was only possible because of the combined support and well wishes of the common people.

Adding to their milestones, Adarsh Credit Co-operative Society created a free Wi-Fi zone at Sirohi for the development of educational and other services related sectors. They have launched the Adarsh Money Mobile Application in Hindi that will prove beneficial for the promotion of digital transactions in rural areas eliminating the language barriers. They have also initiated a major campaign in the field of E-Education with a motive to integrate the best technology in developing the educational sector.

At the event, Business Head, Mr. A V L Narsimham and Advisor Channel Development Head, Mr. Sunil Bhatia, spoke about new business opportunities and confer the team building efforts. Corporate Social Responsibility Head, Mr.Biju Mathew, then provided detailed information about the service projects of Adarsh Credit. Zonal Head Sirohi, Mr. Rajesh Malhotra welcomed the guests and Zonal Head Pali, Mr. Praveen Kansara gave a vote of thanks.

Adarsh Credit Co-operative Society Ltd. has always strived for the betterment of the society and the consistent efforts showed by them, have portrayed their service towards the development of human kind.

Mr. Rahul Modi Adarsh Credit again serves as an example to follow

Managing Director of Adarsh Credit Co-operative Society Ltd., Mr. Rahul Modi
recommended that we should strongly support Demonetisation. With the changing times, one
must adapt to new scenarios and technology initiatives which will help in going cashless as
per current situation. He encouraged using digital money and cashless transactions, which is a
millennial initiative. As stated by Mr. Modi during the Advisor Meet held at Ranchi, ‘Adarsh
Money Mobile Application is a perfect tool for the country and our members to move in this
direction.’ Adarsh Credit Co-operative Society Ltd. has always been in the news for its
initiatives towards the betterment of masses.

Mr. Modi said that the nation has always moved forward whenever a change is brought, and
this monetary change will also prove to be a base for India’s growth. He said that Adarsh
Money mobile application is a Government recognized application and Adarsh is the first
credit cooperative society in the nation to have almost completely started working on this.
Adarsh Credit Co-operative Society Ltd’s reviews have always been in the forefront to bring
a positive change in the society.

Mr. Modi announced that this is the right moment for us to work towards maximizing the
reach of Adarsh Money, because this is an effort towards strengthening the digital system of
our Nation. He emphasized that we should all have a positive outlook on this and focus
towards spreading the reach of digital money. Instead of having complaints, Adarsh Credit
Co-operative Society Ltd. stresses on working together towards demonetisation.

Mr. Modi appreciated the dedication and devotion demonstrated by the advisors of Ranchi
area during demonetization and he also said that we are committed to provide our technology
driven co-operative financial services to the people with complete transparency. Circle Head,
Mr. Sandeep Sharma, said that with the changes that the nation is facing, the whole world is
looking at us with hope and now we have to prove our excellence. He said that to ensure
transparency and real time transaction system in the co-operative sector, it calls for us to
accept digitization.

Adarsh Credit has yet again motivated us to have a positive approach. They have always set
themselves as an example to follow in the past and continue to do so even now.

All India National Conference of Journalists Sponsored By Adarsh Credit Co-Operative Society

In today’s era, one word to describe Journalism is Dynamic. Though Journalism has become an important aspect in the digital arena, but certain components are still affecting the strong pillars of it. It has been observed that Digitalization had a major impact on Journalism which has changed the face of communicating news today.

Being involved in several social service activities, Adarsh Credit Co-Operative Society Ltd. has always gone that extra mile to make the difference. Needlessly being dragged into the false allegations and controversy of ‘scandal by Adarsh Credit Co-Operative Society Ltd’ has surely taken its toll on them. But this has never affected their mission of improving the common people lives. Adarsh Credit Co-Operative Society Ltd. exactly understands the significance of journalism platform. Shri Mukesh Modi, Vice President of Adarsh Credit took initiative in organizing the All India National Conference of Journalists in order to shape the future of journalism.

The President of All India National Conference, Mr. K Vikram emphasized on how truth and transparency plays a crucial role in journalism. He was pleased to see that even after working in the Co-operative sector, Adarsh Credit Co-Operative Society Ltd. have always lived up to these standards. He was charmed by how Adarsh Credit has successfully evolved itself from the Society which initiated in Rajasthan to highly developed Credit Co-operative Society, setting a benchmark across the country in a very short span of time. He acknowledged the efforts taken by Mukesh Modi to serve public by joining hands with Social responsibilities.

Appreciating their endeavor in the field of Blood Donor Group & Helpline, Education & Environment and Water Harvesting & Self Employment, Mr. Rao termed the work of Adarsh Credit Co-operative Society as Exemplary. The Cluster Head-Jodhpur, Mr. Mahendra Prajapati also endowed a detailed information about various social service works being done by them.

Adarsh Credit Co-operative Society Ltd. have truly been working hard for the betterment of the society. The aim of the society is to lay a strong foundation for a sustainable future and to expand their horizons even further.

View Point of Our MD Mr. Rahul Modi on Budget 2017

Dear Friends,

The Union Budget presented on Wednesday by the Finance Minister, Mr. Arun Jaitley, has paved the way for further development of common man and overall progress of the country. This budget can be termed as a development oriented budget especially for farmers, rural development, youth and the poor. On careful examination of the provisions, we can see that the possibilities of the development of co-operative sector are very bright.
Firstly, the Government has provided relief to the common man by removing tax liability on income up to Rs. 2.5 lakh and reducing the rate of taxation to 5 percent for income between Rs. 3 lakh and 5 lakh. These provisions are aimed at increasing savings by which the co-operative sector will also be benefited equally.
In the next five years, the Government plans to double the income of farmers, for which they will be given loans to the tune of Rs. 10 lakh crore. Additionally, interest for 60 days will also be waived.
40 percent farmers will get loans from co-operative societies. The coverage of Crop Insurance Scheme has also been increased by 40%. Rs. 48 thousand crore has been allocated as budget for MNREGA. This is so far the biggest allocation for MNREGA. 5 lakh ponds will be additionally created through MNREGA during 2017-18.  It is noteworthy that the contribution of women under MNREGA is 55%. This provision will definitely work towards strengthening the rural economy. Significantly, Adarsh Credit Co-operative has a very strong network in the rural areas as well. An increase in the earnings of rural population, coupled with an increase in their savings and economic growth will create new business opportunities for you.
Further, there will be provisions by the Union Budget state to provide high-speed broadband services to 1,50,000 gram panchayats. Also, Rs. 10 thousand crore has been allocated for the Bharat Net project. This will prove to be a new communication revolution in rural areas. It will give newer heights to the extension and growth of our Adarsh Mobile Money Application.
According to the budget proposals, no service charges will be levied on booking tickets through IRCTC. The main objective behind these efforts is to promote digital economy. We have already been making efforts in this direction and have achieved desired results with all your active support and contribution.
The Government has been continuously promoting affordable housing and a target of constructing 1 crore houses by 2019 has been set. The Government has announced Sankalp schemes to create new employment opportunities and 3.5 crore youths will be provided market relevant training for the same. Government has allocated Rs. 4000 crore for this work. Apart from this, Rs. 1.84 lakh crore has been provisioned for development of women and children. Rs. 69,400 crore has been allocated for highways. Also, provision of Rs. 2, 41,387 crore has been made for transport. This will strengthen the growth of basic infrastructure of the country. It was also shared that Rs. 3,96,135 crore will be spent on infrastructure development. All these measures aim at increasing the availability of resources and helping to speed up the rate of economic development.
Aadhar based smart cards will be issued to senior citizens, which will maintain their health-related records. During its 19th Foundation Day celebration event, Adarsh Credit has already announced this type of plan of linking it with mobile and its work is under progress.
Passports will now be issued by post offices. Also, you can take advantage of them as collection centers. The Finance Minister said that India is on the verge of digital revolution. Banks will be motivated to start 20 lakh new Aadhar based POS by March 2017. Cashback and referral bonus schemes will be launched and digital payment schemes through post office will be launched. All these efforts are aimed towards promoting cashless transactions and we have already been working upon it since the year 2014. In the Northeast India, the Government is focusing upon the development of the farmers and the youth, whereas you might be aware that through the Business Correspondent model, we are tirelessly working towards creating new employment opportunities in this area.
The Government has proposed to make favorable amendments in the Multi State Co-operative Societies Act and the Negotiable Instruments Act, which will help to promote credit co-operative societies and financial co-operative sector. The co-operative sector will be strengthened and the curb on black money will pave the way to increased security of investors and their hard earned money.

Regards,

Rahul Modi