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HOUSING

Federation has got share capital of Rs.419.17 Lakhs for 2020-21 with a collection of Rs.16.65 Lakhs during the year, Rs.52.44 Lakhs of share capital have been refunded to societies. At the end of 31-01-2022 share capital contribution from member societies and individual loans is to the time of Rs. 391.51 Lakhs. During the year Rs.70.66 Lakhs Reserve Fund and Term deposit of Rs. 291.32 Lakhs has been collected.

 

            In the Present year 01-04-2021 to 31-01-2022 13 cases of loans have been sanctioned to member house building co operative societies to the time of Rs.86.30 lakhs. Out of this primary housing societies have been sanctioned to Rs.50.00 lakhs in 6 Cases for construction of house, 3 cases of development loan/extension loan amounting to Rs.18.30 lakhs and in 4 direct cases Rs.18.30 lakhs have been sanctioned. Totally 4 cases of loans out of the direct individual loans 1 development loan of Rs.5.00 lakhs and 3 site purchase loans of Rs.13.00 lakhs are included.

 

            Default loans were very high in the past, hence prime attention has been given to legal action coverage and recovery of these default loans has seen a commendable performance. During the year Rs. 861.18 lakhs loan recovered.

 

SI.No.

Particulars

01-04-2021 to 31-01-2022

(Rs. in Lakhs) (Tentative)

1.       

Membership

845

2.       

Share Contribution

391.51

3.       

Reserve Fund

953.40

4.       

Miscellancous Funds

1978.27

5.       

Deposits

1651.44

6.       

Working Capital

26453.14

7.       

Loans (L.I.C)

450.00

8.       

Investments

790.68

9.       

The Loans recoverable

861.18

10.  

Loans sanctioned

86.30

11.  

Sanctioned loan (since inception) 29536 Houses

239386.57

12.  

Recovery percentage

-

13.  

Own capital

6833.79

14.  

Net Profit

(Audit in progress)

15.  

Distribution of Sites 1st Project

2455

16.  

Distribution of Sites 2nd Project

128

17.  

Audit Classification

(Audit in progress)

 

Last Updated: 30-05-2023 11:38 AM Updated By: Admin


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