Lok Sabha Question No. 652 (UNSTARRED), answered on 2026-02-03
Subject: Multi-State Cooperative Societies
Ministry: COOPERATION
Asked by: Shri Sachithanantham R

## GOVERNMENT OF INDIA MINISTRY OF COOPERATION

## LOK SABHA UNSTARRED QUESTION NO. 652 TO BE ANSWERED ON 03 rd  FEBRUARY, 2026

## MULTI-STATE COOPERATIVE SOCIETIES

## #652 SHRI SACHITHANANTHAM R:

Will the Minister of COOPERATION (सहकारिता मंत्री) be pleased to state:

- (a) the  details  and  number  of  Multi-State  Cooperative  Societies  that  have  collapsed  or defaulted during the last five years;
- (b) the number of depositors affected thereof and the total amount involved; and
- (c) the actions taken against the collapses/defaults?

## ANSWER

## The Minister of COOPERATION (सहकारिता मंत्री) (SHRI AMIT SHAH)

(a) to (c): Cooperative Societies registered under the provisions of the Multi-State Cooperative Societies  (MSCS)  Act,  2002  function  as  autonomous  cooperative  organisations  and  are accountable  to  their  members.  MSCSs  function  as  per  the  provisions  of  Multi-State Cooperative Societies Act, 2002 and Rules framed there under read with approved bye-laws of the Society, which includes the role and powers of the member, Board, General Body of the Society  and  Central  Registrar  of  Cooperative  Societies  (CRCS). As  per  the  provisions  of Section 49 of the MSCS Act, 2002, the business matters such as to admit members, to accept the deposits and refund to depositors etc., fall under the powers and functions of the board of the Society and the day to day management of the Society fall under the powers and functions of the Chief Executive of the Society as per the provisions of Section 52 of the MSCS Act, 2002.

In case of irregularities in the functioning of the society including financial embezzlement and default in repayment of deposits to the depositors, winding up orders of the Society under the provisions of section 86 of the MSCS Act, 2002 is passed and a liquidator is appointed under the provisions of Section 89 of the Act, to liquidate the assets of Society and to payment of deposits to depositors under the provision of the MSCS Act, 2002 and Rules framed thereunder.

In  the  last  five  years,  56  Multi-State  Cooperative  Societies  were  brought  under liquidation  under  the  provision  of  MSCS Act,  2002  and  Rules  framed  thereunder  as  per annexed details.

The list of Multi-State Cooperative Societies, which are under liquidation in the last five years, is as below: -

|   S. No. | Name of Society                                                                                                                                                            |   Year of Liquidation Order |
|----------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------------------|
|        1 | Sanjivani Credit Cooperative Society Ltd., Rai Colony Road, Barmer 344001, Rajasthan                                                                                       |                        2021 |
|        2 | Bharti Credit Cooperative Society Ltd., 1stFloor, Police Line Choraha, Ajmer-305001, Rajasthan                                                                             |                        2021 |
|        3 | Skylark Multi-State Cooperative Group Housing Society Ltd., (A- 4/301, Paschim Vihar, New Delhi-110063)                                                                    |                        2021 |
|        4 | Crown Credit Cooperative Society Ltd., (Office No.203, TSL Plaza, ESI Market, Plot No.9, Sector-6, Dwarka, Behind ICICI Bank, Delhi-110075)                                |                        2021 |
|        5 | HBNCredit Cooperative Society Ltd., (Business Unit No. 529, 5 th Floor, HBNOffice, DMall, Plot D, District Centre, Pashim Vihar, New Delhi 110087)                         |                        2021 |
|        6 | The Evergreen Agro Multi State Co-operative Society Limited, H- 124, 2 nd Floor, Sector-63, Noida-201309, Uttar Pradesh                                                    |                        2021 |
|        7 | The Uttar Pradesh Cooperative Construction and Development Ltd., 22, Gokhle Marg, Greenwood Apartment, Lucknow                                                             |                        2021 |
|        8 | Capital Credit Cooperative Multi State Society Ltd., Firozabad, UP (No. R-11017/118/2015-L&M)                                                                              |                        2021 |
|        9 | Prithivi Credit Cooperative Society Ltd., 102, Sffair, Court Apartment, 3A Jopling Road, Near Lucknow Public School, Lucknow, U.P. 226 001 (R-11017/25/2017-L&M)           |                        2021 |
|       10 | Grahak Bazar Cooperative Society Ltd., (202, G Block, Sai Complex, 2-2-1975/2, Bagh, Amberpet, Hyderabad-500013 Andhra Pradesh)                                            |                        2021 |
|       11 | Lakshya Multipurpose Cooperative Society ltd., (First Floor, Above Khalsa Automobiles, Opp. Hotel Sangam, Near Dr. Bansal Hospital, Tinkoni Chowk, Bathinda-151001, Punjab |                        2021 |
|       12 | Shree Swastik Credit Cooperative Society Limited, Near Sonu Brothers, Main Market, Sumerpur, District Pali, Pin- 306902 (Rajasthan)                                        |                        2022 |
|       13 | Arth Credit Cooperative Society Ltd., Plot No.43, Opposite Asapura Mandir, Chouqasni Road, Jodhpur, Rajasthan                                                              |                        2022 |
|       14 | Navjeevan Credit Cooperative Society Ltd., High School Road, Barmer, Rajasthan 344001                                                                                      |                        2022 |
|       15 | Samay Credit Cooperative Society Ltd., 129, Near Sethi Nursing Home, Hanumangarh Town, Rajasthan-335513                                                                    |                        2022 |
|       16 | Lokhit Bharti Credit Cooperative Society Ltd., DSM No.635, 6th Floor, DLF Tower, Shivaji Marg, Najafgarh Road, New Delhi - 110015                                          |                        2022 |

|   17. | Eye Vision India Credit Cooperative Society Ltd, A-112, Gali No.1, Shakarpur, Delhi 110092                                                                                            |   2022 |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|    18 | Aadi Credit Cooperative Society Ltd 915, Pearls Omaxe Tower 2, Netaji Subhash Palace, New Delhi 110034                                                                                |   2022 |
|    19 | Kisan Agro-Tech Cooperative Society Ltd., 604-A, Pearls Business Park, Netaji Subhash Place, Pitampura, New Delhi- 110034                                                             |   2022 |
|    20 | Malaika Multi State Cooperative Credit Society Ltd., Malaika Estate, RajeShivaji Nagar, Sakivihar Road, Pawai, Mumbai- 400042                                                         |   2022 |
|    21 | Rainbow Multi State Credit Cooperative Society ltd., Balaji Majestic, Mithu Road, Bank More, Dhanbad, Jharkhand                                                                       |   2022 |
|    22 | Rubi Credit Cooperative Society ltd, (Shakun, Narsinghpura Faisagar Road, Ajmer, Rajasthan -305001)                                                                                   |   2023 |
|    23 | Khusi Credit Cooperative Society Ltd., Plot No. 17, Opposite O.S. Motors, Near Bombay Motors Circle, Upper Chopasni, Jodhpur, Rajasthan -342001)                                      |   2023 |
|    24 | Real India Credit Cooperative Society Ltd., Mahalaxmi Colony, Abu Road, Distt. Sirohi, Rajasthan                                                                                      |   2023 |
|    25 | Swarn India Multi State Credit Cooperative Society Ltd., 1 st Floor, Aghoria Bazar, Muzaffarpur, Bihar                                                                                |   2023 |
|    26 | Chakra Multistate Credit Cooperative Society Ltd., Padmarekha, 134, M.B. Road, P.O. Nimta, Kolkata-700049, West Bengal                                                                |   2023 |
|    27 | Rage Multi State Credit Cooperative Society Ltd., Parial Market, 3rd floor, Near 1 No. Rail Gate, Post Harba Dist. North 24 Parganas, 743263                                          |   2023 |
|    28 | Sovereign Multipurpose Cooperative Society Ltd, P-164/1, CIT Road, Scheme-7M, Ultadanga, Ground Floor, near ICICI ATM, PS Manicktala, 24 Parganas (North) Kolkata 700054 West Bengal  |   2023 |
|    29 | Universal Multi State Credit Cooperative Society Ltd. 24, Hemata Babu Sarani, Manglam Building, Block - A, 3 rd Floor, office No. 304, Kolkata 700001 West Bengal                     |   2023 |
|    30 | Misal Multipurpose Cooperative Society Ltd., Godrej Water Side, Tower-2,15th Floor, Office No.1505, 1506, 1507, Plot No.5, Block DP, Salt Lake, Sector-V, Kolkata-700091, West Bengal |   2023 |
|    31 | Mohan Kripa Credit Cooperative Society Ltd., SKSS BHAROSA, Ground Floor, SKSS Plaza, Main Road, Gandhi Colony, Jaisalmer-345001                                                       |   2024 |
|    32 | Welcome India Credit Cooperative Society Ltd., Opp. Kohinoor Cinema, Behind Rameshwar Mandir, Jodhpur, Rajasthan                                                                      |   2024 |
|    33 | Amardeep Credit Cooperative Society Ltd., 306, Mahaveer Palace, Opposite Circuit House, Ratanada, Jodhpur, Rajasthan                                                                  |   2024 |
|    34 | Wagar Credit Cooperative Society Ltd., IIIrd Floor, Wagar Complex, Rati Talai, Banswara, Rajasthan                                                                                    |   2024 |
|    35 | Maharani Multi State Cooperative Credit Society Ltd, 45-46, Vishnu Nagar, Benad Road, Jaipur, Rajasthan                                                                               |   2024 |

|   36. | United Multi State Credit Cooperative Society Ltd., C-52, Keshav Enclave, Janpath, Lalkothi, Jaipur, Rajasthan                                                                        |   2024 |
|-------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|    37 | Vikas Cooperative Credit Society Ltd., 222, Bhaskar Mohalla, Pokran, Jaisalmer, Rajasthan                                                                                             |   2024 |
|    38 | Golden Credit Cooperative Society Ltd., 5, T.M. Colony, Behind Pradeep Hospital, Bharatpur, Rajasthan-321001                                                                          |   2024 |
|    39 | Dryararadha Multi State Cooperative Credit Society Ltd., Rajyog Pingale Complex, Jalna Road, Beed, Maharashtra-431122                                                                 |   2024 |
|    40 | Trinity Multistate Cooperative Credit Society Ltd., Second Floor, Royal Square, Ring Road, Tedi Pulia Chauraha, Lucknow- 226022, Uttar Pradesh                                        |   2024 |
|    41 | Kamuna Credit Cooperative Society Ltd., B-3, Aarohi Complex, Sector H, Aliganj, Lucknow-226024                                                                                        |   2024 |
|    42 | Gramin Kisan Vikas Seva Multipurpose Cooperative Society ltd., Bhagwati Niwas, 201, New Colony, Near Mandir, Husenabad, Jaunpur, Uttar Pradesh-222001                                 |   2024 |
|    43 | Dadra Nagar Haveli Sahakari Khand Udyog Mandali, New Marketing Centre, Room No. 16 & 17, Dadra Nagar Haveli, Silvassa                                                                 |   2024 |
|    44 | EVOS Multistate Credit Cooperative Society Ltd., Plot No. 780, Sahid Nagar, Maharsi College Road, Bhubaneswar-751007                                                                  |   2025 |
|    45 | CMAXCredit Cooperative Society Ltd., 605-606, Jaina Tower-II, District Centre Janakpuri, Delhi-110058                                                                                 |   2025 |
|    46 | Human Welfare Credit & Thrift Cooperative Society Ltd., Office No. 8, D-5, Laxmi Nagar, New Delhi-110092                                                                              |   2025 |
|    47 | Lustiness Janhit Credit Cooperative Society Ltd., 77-B, Chhatterpur Enclave, Maidan Garhi Road, New Delhi-110074                                                                      |   2025 |
|    48 | Bhu-laxmi Multistate Co-operative Group Housing Society Ltd., Flat No. 18, Pocket 7, Sector 12, Dwarka, New Delhi-110075                                                              |   2025 |
|    49 | Janshakti Multi-State Multi-Purpose Cooperative Society Ltd., Rathi Building, Plot No. 231/18A, Veena Enclave, Nangloi, New Delhi-110041                                              |   2025 |
|    50 | State Bank of India Employee's (Charles Coutto) Cooperative Society Ltd., Plot (House) No. 380, Behind Punjab National Bank, Near Orange City School, Mohan Nagar, Maharashtra-440001 |   2025 |
|    51 | Shri Sairam Urban Multistate Cooperative Credit Society Ltd., 193, Malives Parbhane Estate, Subhash Road, Beed, Maharashtra- 431122                                                   |   2025 |
|    52 | Rajasthani Multi State Cooperative Credit Society Ltd., Laxmi Market, Near Dr. Wangikar Hospital, Parli, Vaijnath, District Beed, Maharashtra                                         |   2025 |
|    53 | Jijau Maa Saheb Multi State Cooperative Credit Society Ltd., In front of Rashtramata Jijau Statue, Central Road, Beed, Maharashtra                                                    |   2025 |
|    54 | Parivartan Urban Multi State Cooperative Credit Society Ltd., Gundekar Niwas, Gajanan Mandir Road, Majalgaon, Dist. Beed, Maharashtra                                                 |   2025 |

|   55. | The Loni Urban Multi State Credit and Thrift Cooperative Society Ltd., Sector-1, 1F-CS-04, 1 st Floor, Ansal Plaza, Vaishali, Ghaziabad-201010, Uttar Pradesh          |   2025 |
|-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
|    56 | Panchawati Multi State Cooperative Credit Society Ltd., 1168/D, 2 nd Floor, Abhimaan Building, 18 th 'C' Main Road, V-Block, Rajaji Nagar, Bangalore, Karnataka-560010 |   2025 |

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