Co – operative Organisation Ltd.

In 2011, on the occasion of the 50th birth anniversary of the revered Odiyooru Shri, through Odiyooru Shri Gurudeva Grama Vikasa Yojana, a self-help organization was formed in order to handle the financial issues of sister organizations of Shri Samsthanam on 20-04-2011. That organization was named as Odiyooru Shri Vivedodesha Shwharda Shahakari Niyamita. His Holiness and Sadhvi Shri Mathanandamayi being the honorary directors, with the help of 13 directors, customers and the people from every section, the head office and the first branch were opened in Odiyooru. Within a year, it opened 6 more branches in Bejai and Pumpwell in Mangaluru, B. C. Road, Puttur, and Vitla.

With 1523 members, it collected 10.81 crore deposit and gave 6.04 crore loan. In its first financial year, its debt recovery rate was 100% and earned a profit of 5.97 lac.

This organization has its regional office in Pumpwell, Mangaluru. All branches are computerized and excellent services are provided by the well-trained staff. In later years, it opened 9 more branches in places like Kanyana, Surathkal, and Thokkottu. By the end of the financial year of 2015-16, it had 4623 members along with 83.60 lac capital. It had collected 95.70 crore deposit and given 60.52 crore loan; at the year end, it earned a profit of 81.04 lac and paid 15% dividend to its members.

It has become the number 1 cooperative organization among the registered cooperative organizations in Karnataka State. This feat has been achieved because of the management board, continuous efforts of the staff, the support provided by the customers and the members. So far, this organization has formed more than 2000 Vikasavahini Swa-sahaya Sangha under the Grama Vikasa Yojana and has been providing financial support.

In this cooperative organization, attractive interest rates are offered on the deposits. For senior citizens, widows, ex-servicemen and organizations, 0.5% interest is given on fixed deposits. Savings account, Akshaya Nitya Nidhi Yojana (pigmy account), recurring deposit and others are some of the deposit facility offered here.

Loan is given to self-help associations; vehicle loan, home loan, loan on deposit, loan on bail, mortgage loan, loan on gold and jewellery, and other types of loan are given to the members.