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President's Message
It is my great pleasure to share the Subhalaxmi Annual Report for FY-2022-2023 on behalf of our well wishers. I also feel proud to inform that Subhalaxmi has reached its fourteen years. Experience from the field has always motivated us to strategise towards achieving our goals. From the earlier days of convincing women why they should save money to the day when Subhalaxmi Co-Op Ltd. is having its annual turnover of more than 4 crore rupees has been a journey of empowerment, transformation and learning. Transformation of attitude and behaviour of women to accept that saving and credit is important for financial independence.
Subhalaxmi with just 10 women members in the year 2008 is now an Apex institution of more than 4000 members. Subhalaxmi credit and business development services have benefited its members both in terms of economical and social aspects. As on 31st March 2023 total saving contribution of co-operative members stands at Rs 1.267 Cr. , Share capital as Rs.4,14,800.00 and a cumulative loan disbursement of Rs.3728,66,390 Lakhs Shows the growth.

am grateful to the Staff, Board Members, Advisors, and Financial Partners and specially women from the community for making our journey successful again. I extend my heartiest regards to the entire VEDANTA team, without their support of them our journey couldn’t been successful.

Smt. Pankajini Oram
President
Subhalaxmi Coperative, Jharsuguda

     
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