Goal of S & I Society
Economical & Humanitarian development by savings and profitable investment through combined effort
Objective
Creating unity, cooperation, friendship, affection, brotherhood ness by mutual introduction and sharing of opinions among the members of society.
Future security and uses of money for self necessity through regular small amount of savings
Arrangement of highest profit of one’s capital by safe investment
Creating self-confidence & spirit for own development among the members of the society
Providing the extensive facilities to the members from the society
Duration
From 1996 On going
Target beneficiary
Initially only general members of YPSA and its staff are the eligible for the members of society but at present members of the society are as follows.
Mandatory for all YPSA staff
General members of YPSA
Family members of YPSA staff and general members
Major Activities
Savings accumulation
Invest accumulated money to the reliable sector
Interest disbursement to the client
Record keeping and accounting.
| Sl no. | Description | Achievement as of June’06 |
|---|---|---|
| 01 | Total members | 218 |
| 02 | Total savings Coll. during the Year with June ’05 savings balance | 471910 |
| 03 | Savings withdrawal (dropout) in 2005-06 | 13000 |
| 03 | Total Investment | 400000 |
| 04 | Interest given in June’06 | 29143 |
Conclusion
YPSA-S&I Society has been established to secure the future of staff and general members of YPSA and their family. A five-member management team is responsible to operate this society and general members of the society elect them for 2 years where President-1, Member secretary -1, Finance secretary-1 and Members-2. Beside these, there have associate members on behalf of society’s management committee in every respective project/Program/Field Offices. It is planned, in future to expand the activities of the society beyond YPSA following with proper Govt. regulation.