Objects

The object of the Society shall be :

  •  To borrow funds from members only to be utilised for loans to members for useful purpose.
  •  To purchase or lease land from Government or other resources to form Rubber Estates so as to enable the members to raise theirstandard of life and improve their economic conditions in general.
  • To provide for the better education of their children.
  •  To encourage thrift,self –help and co-operation among the members.
  •  To run a provision store for the use of members.
  •  To establish hostels and to run a canteen for the use of the employees of the Rubber Board.
  •  To do everything that is conductive to the progress of the various branches of its working.
  •  To operate Hire Purchase Scheme of various items for the benefits of its members.

1

Deposits

Deposits may at the discretion of the Board of directors be received at any time from members only.

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2

Loans

Loans shall be given to ‘A’ class members only.But no member can claim a loan as a matter of right.There shall be 5 loans viz, Own Fund DCB

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3

Admission

On the application of 10 or more members,the Board of Directors may start and conduct chit fund to s

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