Hi sir,
This is Mohit jain from washim district, i am a licensed money lender from last 12 years and i was giving loans on mortgage(i.e. gold and silver only) to farmars and businesmans,i had not followd the ledgle procedure for documentation and had not submitted the record to the AR office, i was running my business easily and smoothly until the "KARJ MAAFI" schem for farmers is announcerd. but Now i am facing lots of problem while doing the business and i had stopped to give loans to farmers.
Now i am thinking to set up a new business (Finance only), and thinkig to start a Co-oprative credit society and having following question.
1]what is the criteria for membership,how many members is necessar..?
2] steps to start up,what to start with?
3] how the profit is alloted in members..?
4] How and what member to be choosen so the control shoud stay in my hand only
5] How the bye-law book is to be fromed and what are the important points which i MUST have to state in my bye-law book?
i want a bussiness in which i can easily give loans to the consumes easily n smoothly without a lot goverment interferenc, beacouse i am havine 3000 consumer which are habitual to me and my service.
Now and then they are approching me time to time for the mortage loan, so plz help me out with this,and if u can suggest me any other business by which i can do my business smoothly so please suggest
