At Arakkuparamba Service Cooperative Bank, our commitment extends beyond banking. We proudly support our community through various initiatives such as
Kerala Co-operative Deposit Guarantee Fund Board Was established under the order G.O (p) No 3/2012 co.op dated 11/1/2012 under the provisions of section 57 B of Kerala Co-operative Society Act 1969 and now these scheme is known as Kerala Co-operative Deposit Guarantee Scheme 2012. Government have decided to enroll all Co-operative Societies under the control of Registrar of co-operative societies which accepts deposits as members of the Kerala Co-operative Deposit Guarantee Scheme.Arakkuparamba service co-operative bank also enrolled this scheme and provideved Guarantee for the deposit. This will create the confidence among depositors and for attracting more deposit
Kerala Cooperative Risk Fund Scheme is implemented by the Kerala Cooperative Development Welfare Board. Borrowers from Arakkuparamba Service Co operative Bank can join the Risk Fund Scheme. The Risk Fund Scheme is enacted to cover the loan liability of loanees (up to 70 years) who die during the loan period and also aims to give relief to the dependents of such persons. In this scheme a balance loan amount up to Rs. 300000 capital need not be paid back in case of death of the borrower. Rs. 125000 for Chronic illness like , Cancer , Kidney failure, Open heart surgery. The scheme will not be available to persons who default payments for more than 6 months. All Borrowers should ensure joining Risk Fund Scheme while availing loans from the Bank.
Our bank is very happily implementing the scheme of delivering the various social security pensions implemented by the Kerala government directly to the beneficiaries through cooperative banks. We have successfully implemented the project in 9 wards in Thazhekode Grama Panchayath (5th to 13th wards). Apart from the shortcomings due to technical problems, the pension distribution was completed flawlessly
In order to support the weaker sections of the community Arakkuparamba Service co operative bank provide monthly financial support to Dialysis patients , medical assistance for the terminally ill through Mass care treatment assistance scheme.
As part our social commitment towards the society, we had started Neethi Medical Store for providing medicines to the needed in 15% to 50% discounted price
As a demonstration of its social responsibility to the community, Arakkuparamba Service Bank provides mobile body freezer services to everyone
Neethi Medi Clinic, operated by Arakkuparamba Service Co-operative Bank, provides state-of-the-art healthcare services to ensure the well-being of our community. With a dedicated team of medical professionals and modern facilities, we deliver compassionate and quality healthcare for all.
High-tech clinical laboratories provide the foundation for accurate and timely disease diagnosis, prevention, and control to improve the health and safety of customers. NEETHI LABORATORY owned by Arakkuparamba Service Co-operative Bank, operates with fully automated modern equipment’s totally dedicated to serve people with high quality test reports.