NAVODYAMA ARTHIKA SOUHARDA SAHAKARI SANGHA NIYAMITA

Become a member. Become a part-owner.

Becoming a member of Navodyama means becoming a part-owner of the cooperative, not just a customer. Members enjoy priority access to savings schemes, loans, and welfare benefits, while participating in the democratic governance of the Sangha.

REG. UNDER KARNATAKA SOUHARDA SAHAKARI ACT, 2000 • MEMBERSHIP OPEN • AREA OF OPERATION: AS PER BYE-LAWS

01 · Types of Membership

Regular Member

Individuals eligible for full membership rights, including voting at the AGM and a share in annual dividends.

Nominal Member

Limited rights as per bye-laws — commonly used for minors or members enrolled for a specific scheme only.

Institutional Member

Self-help groups, trusts, or organizations may join as members, where permitted under the Sangha's bye-laws.

02 · Eligibility Criteria

Age 18 years and above — minors may be enrolled through a guardian under the Youth Savings Plan.
Indian citizen residing within the Sangha's area of operation.
Of sound mind, and not adjudged insolvent.
Willing to subscribe to the minimum share capital as per bye-laws.
Not a member of another competing Souharda cooperative in the same sector, where restricted by bye-laws.

03 · Benefits of Membership

Ownership stake
Voting rights at the Annual General Meeting.
Full scheme access
Savings, deposit, and loan schemes of the Sangha.
Welfare eligibility
Medical assistance, education support, and other member welfare schemes.
Dividend share
A share in annual dividends and profits, as declared by the Board.

04 · Documents Required

Duly filled membership application form.
KYC documents — Aadhaar Card and PAN Card.
Passport-size photographs (2–3 copies).
Proof of residence within the area of operation.
Initial share capital contribution.
Nominee details along with the nominee's ID proof.

05 · How to Become a Member

Fill the application

At your branch, or online.

Submit documents

KYC documents and photographs.

Pay fee & capital

Membership fee and minimum share capital as prescribed.

Board review

Application reviewed and approved by the Board or Membership Committee.

Get your ID

Receive your membership ID and share certificate upon approval.

06 · Membership Fee & Share Capital

Particulars	Amount
One-time membership / admission fee	₹ 500
Minimum share capital — per share	₹ 1,000
Minimum shares required	01 share
Additional voluntary share purchase	Allowed

Figures as prescribed under the Sangha’s bye-laws — confirm current figures with your branch before publishing.

“As a Souharda cooperative built on the principle of self-help through mutual help, every member has an equal voice regardless of the number of shares held. By joining, you’re not just opening an account — you’re becoming a stakeholder in a community-driven institution working toward collective financial growth.”

07 · Apply for Membership

Fill in your details below — our Membership Committee will get in touch to complete verification.

Navodyama Arthika Souharda Sahakari Sangha Niyamita • Registered under the Karnataka Souharda Sahakari Act, 2000