Universal Credit

The Universal Multi State Credit Co-Operative Society Limited (UMSCCSL or Society) is a Multi State Credit Co-operative Society, registered under Section 7 of Multi State Cooperative Societies Act, 2002 (39 of 2002) ,Ministry of Agriculture, Department of Agriculture & Cooperation, Govt. of India vide Registration Number of the Society is "MSCS/CR/745/2013
The UMSCCSL abides by the Multi State Credit Co-operative Societies Act, 2002 and the broad outlines are as under:
Engaged in the activities of raising and maintaining Recurring Deposits, Fixed Deposits, Savings Deposits and providing Loans under various schemes among its members but does not amount to Banking as defined in terms of The Banking Regulation Act, 1949.