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LARSEN &
TOUBRO
GROUP
EMPLOYEES'
COOPERATIVE
THRIFT &
CREDIT
SOCIETY
LIMITED
REGD. NO. MSCS/CR-27/92 |
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25th February 2010 |
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CIRCULAR
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The Board of
Directors are
pleased to inform
the members that the
following Bye-Law
Amendments passed in
the last Annual
General Body Meeting
are registered by
the Central
Registrar of
Co-operative
Societies, Krishi
Bhavan, New Delhi as
per the Multi State
Co-operative
Societies Act 2002.
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1. Enhancement
of Loan
2. Increasing
of Loan Repayment Period
3. Reserve
Fund Investment
Accordingly the Board has decided to
implement the following,
The Maximum Loan Eligibility is enhanced from Rs.4,00,000/- to
Rs.4,50,000/- . Loan Applications processed for payment on 01-03-2010
will be considered for the enhanced amount according to the following
Loan Eligibility Guidelines.
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Category |
Eligible
Amount |
Repayment
Period |
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10 years Company Service with 2 years membership
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Rs.4,50,000/- |
84 Months |
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9 years Company Service with 2 years membership
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Rs.4,00,000/- |
72 Months |
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5 to 8 years Company Service with 2 years membership
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Rs.3,00,000/- |
60 Months |
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3 to 4 years Company Service with 2 years membership |
Rs.2,00,000/- |
48 Months |
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1 to 2 years Company Service with 1 years membership |
Rs.1,00,000/- |
36 Months |
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(P.Benedict)
Secretary |
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