About Us

The Govt. of National Capital Territory of Delhi has made efforts to prepare co-operative laws to make cooperative societies a viable economic movement, encompassing simultaneous growth in the field of socio-culture, information technology, health, education through the medium of cooperative societies. Therefore, the Delhi Cooperative Societies Act, 2003 has been enacted which aims to consolidate and amend the laws relating to cooperative societies. It facilitates the voluntary formation and democratic functioning of cooperatives as people’s institutions based on self-help and mutual aid to enable them to promote their economic and social betterment.

Skand Mata Co-Operative Urban Thrift & Credit Society Ltd. is a cooperative credit society registered with the Registrar, Cooperative Societies, Delhi, bearing registration no. 10056(T/C) dated 21'January,2004. It runs under the provisions of Delhi Cooperative Societies Act, 2003, Delhi Cooperative Societies Rules, 2007. It is functioning as per the registered bye-laws and business policies framed by the General Body of the society. The aim and objective is to undertake thrift & credit business amongst its members only. The society caters not only financial needs of its members, but also works for the social, cultural and educational development of the members and their dependants.

The primary purpose of the society is to uplift the socio-economic conditions of the weaker sections and tide over the financial hardships. The organisation is established in the Co-operative sector under the aegis of Registrar, Co-operative Societies, Govt. of N.C.T. of Delhi.

Skand Mata Co-Operative Urban Thrift & Credit Society Ltd. is known for its excellence in customer service. We accept deposits at attractive rates and extends credit at low rates of interest.

The organisation has adopted a Mutual Benefit approach to involve every member in our mission with a spirit of cooperation and confidence. The Mutual Benefit has instituted a working culture, which revolves around efficiency, transparency, professionalism, teamwork, and flexibility.