Thrift and mutual help
To develop the spirit of unity and mutual assistance among members, to inculcate the habits of thrift and saving, and to collect, protect and prudently use members' compulsory and voluntary savings.
Bye-law 3.1Who we are
About the Society
A member-owned credit and thrift co-operative society, registered in Karauli and operating across seven districts of Rajasthan under its registered bye-laws.
Our Identity
A co-operative built on member trust
Jumbo Credit & Thrift Co-operative Society Ltd. is a credit and thrift co-operative society. It is owned by its members, governed by the General Body of members, and managed by a Board of Directors elected under the Rajasthan Co-operative Societies Act, 2001.
The Society accepts deposits only from its members and lends only to its members. Its purpose, as set out in the registered bye-laws, is to encourage thrift, to protect members' savings, and to meet members' domestic, social and business needs with credit on reasonable terms — all under the supervision of the Registrar of Co-operative Societies, Rajasthan.
From its registered office at Ajay Niwas, Gulab Bag, Karauli, the Society serves members across Karauli, Dholpur, Bharatpur, Alwar, Sawai Madhopur, Dausa and Jaipur districts, an area of operation approved by the Registrar in December 2013.
Please note. The Society is a registered co-operative society. It is not a bank, is not controlled or operated by the Government, and does not offer services to the general public — every account, deposit and loan is for members.
Registration snapshot
- Legal name
- Jumbo Credit and Thrift Co-operative Society Ltd., Karauli
- Entity type
- Credit and Thrift Co-operative Society
- Governing law
- Rajasthan Co-operative Societies Act, 2001 and Rajasthan Co-operative Societies Rules, 2003
- Registering authority
- Registrar, Co-operative Societies, Rajasthan (through the Assistant Registrar, Co-operative Societies, Karauli)
- Registered office
- Ajay Niwas, Gulab Bag, Karauli, Rajasthan, India
- Registered bye-laws
- Effective 20 December 2013; endorsed by the Assistant Registrar, Karauli on 26 February 2014
- Area of operation
- Karauli, Dholpur, Bharatpur, Alwar, Sawai Madhopur, Dausa, Jaipur districts of Rajasthan
Purpose
Our Objects, as Registered
The bye-laws define why the Society exists. Everything it offers must serve one of these objects.
Savings schemes for members
To accept deposits only from members and to run a range of savings schemes that answer members' needs.
Bye-law 3.2Guidance on investment
To guide members on the prudent investment of their money.
Bye-law 3.3Credit on reasonable terms
To lend to members for domestic, social, business and other needs on reasonable terms, in accordance with the Society's loan policy.
Bye-laws 3.4, 3.5Sound funding
To provide loans at reasonable interest and to raise resources through security and term deposits and borrowings for these objects.
Bye-law 3.6Supporting activities
To undertake any other activity that helps achieve the objects above.
Bye-law 3.7
Area of Operation
Seven districts of Rajasthan
Originally limited to Karauli district, the Society's area of operation was extended by the Registrar, Co-operative Societies, Rajasthan by order dated 06 December 2013, on the basis of the General Body's resolution of 02 June 2013 and the Assistant Registrar's inspection and recommendation.
Membership is open to eligible residents of these districts. Under the bye-laws, operating in more than one district requires the Society to maintain a higher minimum share capital and to enrol at least one hundred members in every new district.
Read the Registrar's order-
Karauli
Registered district
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Dholpur
District of Rajasthan
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Bharatpur
District of Rajasthan
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Alwar
District of Rajasthan
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Sawai Madhopur
District of Rajasthan
-
Dausa
District of Rajasthan
-
Jaipur
District of Rajasthan
How the Society Works
Member-Owned, Democratically Governed
The registered bye-laws establish a clear chain of accountability from every member to the elected Board.
01
General Body of Members
The final authority of the Society. Meets at least once a year within six months of the financial-year end, approves accounts, elects the Board and decides on bye-law amendments.
Bye-laws 10.1–10.302
Board of Directors
Twelve members elected for five years, with seats reserved for Scheduled Castes, Scheduled Tribes and women. Frames policy, sanctions loans, manages funds and answers to the General Body.
Bye-laws 14.1, 14.803
Office Bearers & Chief Executive
The Board chooses a President, Vice-President, Secretary and Treasurer from among its members, and appoints a Chief Executive responsible for day-to-day administration and records.
Bye-laws 14.1, 15–17Milestones
A Documented Journey
Key dates drawn from the Society's official records.
- 102 June 2013
General Body resolution
The General Body resolves to extend the Society's area of operation beyond Karauli district.
- 206 December 2013
Registrar's approval
The Registrar, Co-operative Societies, Rajasthan approves the amendment of bye-law 3, extending operations to seven districts.
- 320 December 2013
Bye-laws in force
The Society's registered bye-laws come into effect, setting out membership, deposits, lending, governance and audit.
- 426 February 2014
Bye-laws endorsed
The Assistant Registrar, Co-operative Societies, Karauli endorses the registered bye-laws.
- 506 September 2024
Managing Committee constituted
The Election Officer issues the list of the twelve elected members of the Managing Committee for the current term.
Values
Trust. Growth. Community.
The Society's own slogan — "One for all, all for one" — captures the co-operative spirit in which it serves its members.
Trust
Members' savings are handled under registered bye-laws, statutory audit and the supervision of the Registrar — with confidentiality of account information assured in the scheme rules.
Growth
Deposit schemes designed for every horizon, from a savings account to ten-year deposits, and credit that helps members build livelihoods.
Community
One member, one vote. Reserved seats for women, Scheduled Castes and Scheduled Tribes on the Board. Surplus applied to reserves, member dividend and co-operative education.
Ready to become a member?
Membership is open to eligible residents of the Society's seven districts. Start with a simple enquiry.