Financial Services - Mumbai, Maharashtra, India
Aasra is a Multi-State Cooperative Credit Society Ltd. licensed to practice Interest – Free financing registered by the Central Government through license No. MSCS/CR/115/2000. Its registered bye-laws comply with the Acts and Rules (MSCS Act 2002 and MSCS Rules 2002) framed by the department of Cooperation, Ministry of Agriculture, Government of India. The provision to serve its members through interest free finance in 16 major states of India makes Aasra a unique multi state society in India. We are committed to provide alternative financial solutions to people looking for interest free financial services. Please be noted that we are neither any bank, nor any investment company, but just a registered multi state Cooperative Credit Society. Visualizing the scope for interest-free banking and financial services at pan India level, in 1997 a group of people took an attempt to register multi-state Cooperative Credit Society to operate in 16 major states of India; and by 15th January 2001 they succeeded to register AASRA Cooperative Credit Society Ltd. (vide No. MSCS/CR/115/2000). Though the basic object of Aasra Cooperative Credit Society is to provide interest free banking and finance, its registered bye-laws is complying with the Acts and Rules (like MSCS Act 2002 and MSCS Rules 2002) set for Multi State Societies framed by the department of Cooperation, Ministry of Agriculture, Government of India. So this interest-free society shall be abiding by its registered bye-laws without over ruling relevant acts and rules. Aasra is unique Multi-State Cooperative Credit Society as it the first and the only Multi-State Cooperative Credit Society with permission to cater interest free banking and financial services in 16 major states of India.
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