Sitapur Basic Shikshak Vetan Bhogi Sahkari Rin Samiti Ltd. is a registered cooperative credit society formed by the hardworking employees of the Basic Education Department. Every member is also a shareholder — that's the cooperative difference.
To provide affordable credit, safe savings avenues, and financial dignity to every employee of the Basic Education Department — especially at times when commercial banks turn them away.
We exist not to maximize profits, but to maximize member welfare. Every surplus is reinvested into better rates, new services, or shared as a dividend to members.
A future where every government employee has access to a financial institution that understands their life, respects their service, and serves their interests — not the other way around.
We aim to be the most trusted financial cooperative in Uttar Pradesh — a benchmark for transparency, member service, and responsible lending.
Every member can view their ledger, every rupee of income and expense is audited annually, and all major decisions go to a members' vote.
We look after each other. When a member faces a medical emergency or family crisis, we move fast — sometimes same-day disbursement.
One member, one vote. The Board of Directors is elected by and from the members. Major policies require members' approval at the AGM.
Same rates, same terms, same service — regardless of whether you save ₹500 a month or ₹50,000. No VIP tiers, no preferential treatment.
We've honored every mature FD, every eligible loan, and every pension commitment — on time, every time, since day one.
No marketing budget for flashy ads. No bonuses for executives based on profits. Every decision asks one question — is this good for our members?
Our board members are all practicing educators who serve voluntarily. They are elected by the members at the Annual General Meeting.
Leads strategic direction, policy approval, and final sanction of loans above ₹50,000.
Handles daily operations, member onboarding, initial loan reviews, and grievance resolution.
Maintains the cash book, balance sheet, and oversees all financial transactions and audits.
Government-approved chartered accountant who conducts annual audits and files statutory returns.
Founded by a group of Basic Education Department employees who were tired of waiting in bank queues, being rejected for small loans, and seeing their hard-earned savings earn pitiful returns — Sitapur Basic Shikshak Vetan Bhogi Sahkari Rin Samiti Ltd. was born from a simple idea: we can do better together.
Today, thousands of members trust us with their savings, their loans, and their financial futures. We remain small enough to know our members by name, and large enough to honor every commitment we make.
Every rupee you deposit stays in the community — funding a colleague's child's college fee, a fellow teacher's home repair, a retired member's pension gap. This is circular, cooperative finance — the way banking used to be, and the way it should always be.