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.