Inauguration

The inaugural loan function to our Chindadripet branch was held on January 21, 2008. The inaugural function was graced by our chairman Shri. S.V. Raja Vaidyanathan and his mother Smt. Alamelu Venkatraman. A pooja was conducted to mark the auspices beginning of the loan distribution. The first five loans were distributed by Smt. Alamelu Venkatraman in the presence of Chairman, Head Office staff and Branch staff.

Branch Opening

Chindadripet branch started functioning from Head Office premises w.e.f Jan 21, 2008 apart from BM, the branch has an experienced FDO and 2 FDO (Trainees). The first loans to 85 members was given on that day.

Tie up with Insurance Companies

Bajaj Allianz Life Insurance Co Ltd., BALIC and Star Union Dai - ichi Life Insurance, ICICI Prudential Life Insurance Co. Ltd. provides Insurance coverage to our members. The coverage ensures that each loan member is covered for double the amount of the loan as life cover and in case of death the claim amount shall be passed on to the member nominee after adjusting the outstanding loan.