Small & beautiful: Adarsha Nagari Sah Patsanstha’s impressive performance
Credit co-op earns profit and reins in NPA
Amidst Covid-19, the news of good performance in the 2020-2021 financial year is coming from Maharashtra, where a small cooperative namely Adarsha Nagari Sahakari Patsanstha located in Alibaug town in Raigad district has performed well on all the financial parameters.
The society Chairman Suresh Patil claimed that ”there is no adverse impact of Covid-19 on the business and we have succeeded in increasing the business mix despite the lockdown for over eight months”.
Highlighting the performance of the society Patil said, “We have crossed the business mix of over Rs 350 crore in the 2020-2021 financial year. Earlier in 2019-20 our business mix was around Rs 300 cr. Besides, our deposits have increased from Rs 172 crore to Rs 207 crore whereas loan and advances rose from Rs 124 crore to Rs 143 crore in the 2020-2021 FY”, he claimed while talking to Indian Co