History of Aryavrat Co-operative Urban Thrift and Credit Society Limited

The establishment of Aryavrat Co-Operative Urban Thrift and Credit Society Limited in the year 13/01/2009 is the result of the foresight of some youth of Azad Market. In the year 2009, an idea came to the minds of some youth of Azad Market as to how they can work for the economic upliftment of their society. At that time, there was not much economic prosperity in the society and most of the people of the society were dependent on business and job system. At that time, not everyone had enough money available to purchase essential commodities. At that time people generally completed their work by taking loan from moneylenders for this work.

Aryavrat Co-operative Urban Thrift and Credit Society Limited some people of the society including Mr. Pravesh Kumar Gupta, Mr. Yoginder Agarwal, Mr. Harsh Agarwal, Mr. Praveen Gupta, Mr. Vikas Mittal, Mr. Kailash Chand Gaur, Mr. Prince Kumar, Mrs. Shefali Goyal, Mrs. Rita Sharma etc., whenever these people would sit together,they had definitely discussed the topic of how to saved the society from the financial crises

The idea of ​​establishing economic prosperity in the society had germinated but no direction was being determined. One day in the evening some people were sitting together to drink tea and an idea came to their mind that why not form a savings and loan society. The idea of ​​doing something for the society was in his mind for a long time but this idea set a direction and gradually many people in the society brainstormed the idea whether it could be realised.

It is said where there is a will there is a way. The result is that the seed that was sprouting came to us in the form of Aryavrat Co-operative Urban Thrift and Credit Society Limited. Initially this society had only a small amount of capital but the caravan grew and people kept joining.

In the initial days of the Society, its scope of work was limited only to Azad Market and its nearby areas. The main reason for this was that the amount of capital available with this society at that time was not sufficient for the entire society, hence at that time it could not be developed even if it wanted to.

The founding members of the society wanted the entire society to benefit from it, but financial availability and economic management were preventing this idea from taking forward. Gradually this society started being discussed in the society and people started joining it. After the year 2015, the membership of this society increased very rapidly. Today this society has about 450 members. This was a limit which was against the principle of demand and supply, despite this the Society continued its membership keeping in mind the upliftment of the society.