As
a custodian of the welfare of its members
and in keeping with its social standing
and responsibilities as a responsible body,
the society offers a number of welfare services
and undertakes some pioneering community
initiatives.
The society has contributed in several
ways for the social and economic upliftment
of the people in the 14 villages where it
is active by providing various benefits
to its members.
On the whole, the members of the society
are getting the following financial benefits
either individually or jointly.
- Bonus paid on Paddy purchases
- Funeral expenses towards deceased members
- Merit scholarships paid to children’s
of members
- Amount received from DRDA and other agencies
towards the subsidy and margin money
- Rebate paid by Government towards interest
remission.
- Financial Assistance upto Rupees 1200 per
year to the children of members studying
9th, 10th, 11th and 12th class subject to
maximum of 2 children per member family.
Insurance Services
- Group insurance premium paid to LIC to the extent of crop loans
- Group insurance premium paid through master policy to LIC
- Life Insurance Corporation’s (LIC) payment of sum assured to deceased members of the society on their individual policies through society
- LIC’s payment of sum assured to deceased members of the society to the extent of crop loan
- LIC’s payment of sum assured to deceased members of the society under master policy @ INR 5000 per member
- National Insurance Company’s payment of sum assured to the deceased members of the society under Janatha accidental policy
- IFFCO-Tokio general insurance’s payment to members
- Insurance claims towards failure of electric motor
- Crop insurance claims for failure of crops
In the early years, the society was primarily
responsible for electrifying villages and
farms. The society paid the Andhra Pradesh
State Electricity Department what was then
known as "Voluntary Loan Contribution",
i.e. Rural Debentures, in order to get transformers
and electrical connections into the 14 villages
where it is active.
The society has also provided bore well
digging rigs, free of cost, to each of the
14 villages to use these bore wells for
drinking water. However, in keeping with
its overall charter of thrift and in order
to make villagers responsible for community
equity, it has insisted that potential users
of the hand-pumps in each village contribute
towards the cost of maintenance and management
of the same.
On the health and family planning fronts,
the society has been involved with the family
welfare department to organize family planning
camps. It has also conducted eye camps and
general health checkup camps from time to
time in all the 14 villages where it is
active. To take care of the poultry, cattle
and other animals reared by its members,
the society also organizes annual health
camps for animals in each of the 14 villages
once a year.
The society has provided the bulwark of
insurance support its members through the
LIC and the General Insurance Company. In
addition it has also organized a family
welfare fund through which the family of
deceased members get significant financial
relief on the basis of a small contribution,
apart from being eligible to freely avail
of a sum of Rs. 1500 for funeral expenses,
when so ever needed. The society has also
brought in its members under the Janatha
Accidental Policy and members' group insurance
policy from which each deceased members'
family can receive Rs. 50,000 and 5,000
respectively.
On the educational front, to aid the family
members of members in their march towards
excellence, the society has organized a
special scholarship fund the purpose of
which is to support and reward top ranking
scholars of the local high schools every
year.
The above welfare serves help the members
a lot during their time of distress and
these initiatives from the society are a
proof that it cares for the members and
extends a helping hand when needed. These
services mitigate the loan burden on the
members and to a large extent ensure that
the burden is not passed on the kith and
kin.
Also the thrift accumulated over the years
is substantial and is passed on in lump
sum to the legal heir of the deceased. This
will help the family members to tide over
any immediate financial crisis.
Aligireddy Kashi Vishwanatha Reddy
Rural Development Society has been
started by Sri Praveen Reddy and is now
integral part of the MCRB&MSL’s
welfare activities. Though under the welfare
activities a scholarship is given to the
bright children of the members, a comprehensive
coverage of education couldn’t be
provided under the cooperative. The cooperative
believes that education background is necessary
for all round development of a human being
resulting in the better living conditions
of the members. In this regard, through
the A.K Vishwanatha Reddy Rural
Development Society, higher education
facilities, which were non existent in this
rural area, were made available for the
benefit of villagers in general. A junior
Collage and Degree collage are started and
job oriented courses were provided.
In line with its aim to initiate Rural
Developmental Activities, A.K Vishwanatha
Reddy Rural Development Society has taken
extensive steps to save rain water and improve
ground water trough watershed and other
related programs. The society is registered
with NABARD and District Administration.
The program is aimed to cover all 14 villages
where MCRB&MSL operates.
Making a difference, on the ground
The community initiatives and welfare activities
of the society are part of an integrated
approach that aims at develop the quality
of life of members and the economic and
social uplift of the villages. At another
level, these services and initiatives are
exactly in tune with the society’s
character, an attempt to be worthy of being
called a "temple of trust" and
in general do good.
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