The government of India has framed the laws/rules to ensure the security and safety of deposits and Credit Co-Operative Society strictly abides by the rules and regulations framed by Central Government under the Multi-State Co-operative Societies Act, 2002.

In a credit Co-operative society, you can do all finance-related work. You can accept deposits from members and give loans to members at a particular interest rate.

Credit societies operate based on an association between different individuals that promote specific social and economic interests.

Salaried individuals and salaried professionals who have been employed for the past three years.

Self-employed persons and professionals who have been running profitable businesses for at least 2 consecutive years prior to applying for the loan.