• Welcome to Greaves Samooh Kamgar
    Sahakari Patpedhi Maryadit.

Welcome to GSKSPM

This Society was formed by 36 employees of then Ruston and Hornsby (I) Ltd. on 09th March, 1957.

In Earlier days, Society’s name was Ruston and Hornsbey Employees Cooperative Credit Society. After registration, employees of then group companies also became a member of this society and therefore, On 04th August, 1975, name was changed as Greaves Samooha Kamgar Sahakari Patpedhi Maryadit.
Society’s main aim is to provide financial assistance to its members.
Any permanent employee of Greaves Cotton Ltd – Diesel Engine Unit, Premium Transmission Unit 1, WILO Mather and Platt Pumps Pvt. Ltd. and Foseco India Ltd. – Chinchwad and Sanaswadi Unit can become a member of this Society.Read More
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MEMBERSHIP

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Any permanent employee of Greaves Cotton Ltd – Diesel Engine Unit, Premium Transmission Unit 1, WILO Mather and Platt Pumps Pvt. Ltd. and Foseco India Ltd. – Chinchwad and Sanaswadi Unit can become a member of this Society. To become a member, please download the Membership Form and sent it to Society Office along with cheque for Shares amount and KYC Document.

LOANS AND ADVANCES

Society offers three types of loans @ 10% p.a.

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Eligibility Chart for the above loans

LONG TERM LOAN CHART ( 1 ) 05.10.2019

Particulars Shares 25 % Loan Amt No.of Inst Inst Amt 10%@ Monthly Shares Monthly DF Total Ded.amt.
Up to 1 Yrs. 25000 100000 60 1700 822 1000 100 3622
1 Yrs. To 2 Yrs. 50000 200000 96 2100 1644 1000 100 4844
2 Yrs. To 5 Yrs. 56250 225000 96 2400 1849 1000 100 5349
5 Yrs. To 10 Yrs. 95000 380000 96 4000 3123 1000 100 8223
Above 10 Yrs. 107500 430000 96 4500 3534 1000 100 9134


LONG TERM + MEDIUM TERM LOAN CHART ( 2 ) 05.10.2019

Particulars Shares 25 % Long term loan Medium Term Loan LT + MT loan amt No.of Inst Inst Amt Int. Monthly Shares Monthly DF Total Ded.amt.
Up to 1 Yrs. 25000 100000 0 100000 60 1700 822 1000 100 3622
1 Yrs. To 2 Yrs. 50000 200000 0 200000 96 2100 1644 1000 100 4844
2 Yrs. To 5 Yrs. 71250 225000 60000 285000 96 3000 2342 1000 100 6442
5 Yrs. To 10 Yrs. 120000 380000 100000 480000 96 5000 3945 1000 100 10045
Above 10 Yrs. 132500 430000 100000 530000 96 5600 4356 1000 100 11056


MEDIUM TERM LOAN CHART

Particulars Shares 25 % Loan Amt No.of Inst Inst Amt 10%@ Monthly Shares Monthly DF Total Ded.amt.
2 Yrs. To 5 Yrs. 15000 60000 60 1000 493 1000 100 2593
5 Yrs. To 10 Yrs. 25000 100000 60 1700 822 1000 100 3622


SHORT TERM LOAN CHART

Particulars Shares 25 % Loan Amt No.of Inst Inst Amt 10%@ Monthly Shares Monthly DF Total Ded.amt.
After 3 month   30000 10 3000 247 1000 100 4347
After 3 month   20000 10 2000 164 1000 100 3264
After 3 month   10000 10 1000 82 1000 100 2182

KNOW YOUR LOAN ELIGIBILITY

(Available during Working Days between 9.00 a.m. and 5.00 p.m.)

Our Directors