Benefits And Constraints Of Employees Co-Operative Thrift And Credit Society Ltd In Tirunelveli District– A Study With Special Reference To Members Perspective

Abstract

Employee's Co-operative Credit Society (ECCS) occupies crucial position in the financial system of the economy in terms of their reach, volume of operations and the purpose they serve. The main aim of the study is to know the benefits of Employees Co-operative Thrift and Credit Society Ltd and identify the constraints to Employees Co-operative Thrift and Credit Society Ltd development. Survey method has been followed for this study. Primary and secondary data has been collected through various sources. Simple random sampling method has been followed in this study. There are 63 employees’ societies functioning in Tirunelveli district, of which 10 Employees Co-operative Thrift and Credit Society Ltd were selected for this study. There are 25 employees chosen in each society. The total sample size is 250. It is found that high illiterate level of members and lack of skilled personnel are the important constraints to employees co-operative thrift and credit society Ltd’ development among the respondents who are married. The study reveals that high illiterate level of members and lack of skilled personnel are the important constraints to employees co-operative thrift and credit society Ltd development among the respondents who are unmarried.