The New Way to : success. advance. progress.
The Chanakya MMA Co-Operative Society Ltd., is one of the Premier, most trusted, reliable and well organizing MAC Societies, in the state of A.P. The CMACS established in December, 2010 with Regd. No.: AMC/EGDT/DCO/332/2010, Under AP MACS ACT-1995 in Rajahmundry, the cultural city of Andhra Pradesh.
The Society has attained its premier position without compromising the spirit of Co-Operative Principles Like.
- Voluntary and open Membership
- Democratic Member Control
- Member Economic Participation
- Autonomy and Independence
- Education, Training & Information
- Co-Operation among Co-Operatives
- Concern for community
At the same time, the Society is striving to assimilate and implement newer methods of work organization and management, with firm commitment to its objectives.
The Society is established by young entrepreneurs and well experienced Retired Bankers, from the India’s renowned nationalized banks like SBI, Andhra Bank, Canara Bank, Union Bank, IOB and Co-Operative Banks. The young & the experience made the Society to reach its top position within a short span of time and made a mark in the history of MAC Societies.
Who We Are
CMACS is the first MAC Society in the State of Andhra Pradesh to introduce computerization, security measures like CC Cameras, Security alarms to all its branches. The facilities in the Society premises are at par with any other private corporate Banks in India.
Established the Second Branch at Kakinada and achieved a Good amount business in a span of 30 Days.
Introduced schemes like Gold Rupu Scheme, Nity Nidhi Scheme Etc., and declared 12% int. on share capital.
In the second year itself declared @ 9% interest on share capital, which is an history in the MAC Societies Activity.
In the first year achieved a business of 11 Crores by way deposits and Advances.
Registered in the last month of the year i.e., December.