In Plant Training Report For Diploma Student Project Work

In Plant Training Report For Diploma Student Project Work



    Sl no.                                            Particulars    Page no.


Chapter – 1



Chapter – 2

       Details of Association.

   2(1).  Shares,

   2(2).  Loan,

   2(3).  Deposits,

   2(4).  Voucher,

   2(5).  Bond,

   2(6).  Savings Account,

   2(7).  Joint Account,

   2(8).  Membership,

   2(9).  Co-membership,

  2(10). Fixed deposit,

  2(11). Promissory note,

  2(12). Acceptance letter,

  2(13). Payment receipts,

  2(14). Security form,

  2(15). Micro Insurance Policy in L I C,

  2(16). Cancellation of  Membership


Chapter – 3

    P O / Skills attained by training,

4 Chapter – 4


Meaning of In plant Training:-


An In-plant training is meant to provide hands on experience to the students and the assist them in preparing for the career opportunities anywhere in the industrial world. It is a training usually conducted at the company premises to help him/her become aware with the work tactics. It would add a feather in the cap of the students as they would be able to enter into a new world with prior preparation and know how of the setup. This would not only help them boost their confidence but also will improve their work efficiency.


Has w have been to STREEBANDHU  MULTIPURPOSE  SOUHARDA CO-OPERATIVE  LIMITED. Which is registered under  KARNATAKA SOUHARDA ACT 1997,located at Samruddi, Alkola circle, Sagar road, Shivamogga and it is Co-Operative Society





It is an co-operative society which is opened to help the Women’s for to developed the economic condition of their family.


Meaning of co-operative society:-


“A co-operative society is an autonomous organisation of persons, associated voluntarily

to accomplished their basic needs and aspiration through a jointly owned and democratically controlled organisation recognizing moral, educational and community values, these co-operative societies are democratic and voluntary.”


Uses of co-operative society:-


  1. Easy to form
  2. No obstruction for membership
  3. Limited liability
  4. Service motive
  5. Democratic management
  6. Stability and continuity
  7. Economic operations
  8. Surplus shared by members


Works of co-operative society:-


Co-operative societies are not a new concept.  This is almost a universal concept, prevailing across all the countries.  A co-operative society is an autonomous organisation   of persons, associated voluntarily to accomplish their basic needs and aspirations through a jointly owned and democratically controlled organisation.  The co-operative societies are active in almost all the countries worldwide and are present in all the sectors including agriculture, food, finance, health care, marketing, insurance and credit.


The work pattern and functionality of these co-operative societies is easy to understand and can be summed as under:-

  • Aim to provide services and supplies(goods),
  • Seek to prevent the exploitation of societies weaker members,
  • Aim to exclude unnecessary projects of middlemen in commerce and trade
  • Ultimately protect the rights of people as both, producers and consummates


Introduction of Streebandhu…….

It was started in 2013 and  It was registered under Karnataka Souharda Act 1997.  It was profit turnover of this co-operative society is per year as follows:-

2013-14  –  506972

2014-15  –  1431442

2015-16  –  2708269

2016-17  –  4162044

Organization structure


List of Directors:-


Their are 13 Directors in this society and 1 CEO (Cheif executive officer)


  • Mrs.  Precilla Martis
  • Mrs.  Lilly Loseff
  • Mrs.  Vijaya
  • Mrs.  Jayalakshmi
  • Mrs.  Shobha
  • Mrs.  Manjula
  • Mrs.  Shobha G
  • Mrs.  Prameela
  • Mrs.  Anitha Loordu Meri
  • Mrs.  Ayni Phiyalo
  • Mrs.  Gloria Jyothi Pudtado
  • Mrs.  Savitha S
  • Mrs.   Bhagyalakshmi
  • Fr. Veeresh V Moras


First and for most step to enter into the co-operative society of this institution is to become a member of association or Sanga


Chapter – 2


Meaning of Association:-


An association is an official group of people who have the some job, aim or interest.


One can become a member of association by entering into membership,  only a member of association can become a share holder of this society.  To become a shareholder one must become a member of association from 1 year and they must take training also after all this procedure they can become a shareholder of this society.  To become a shareholder they must deposit 1000/- as share compulsorily, and 50/- as entrance fee and 50/- as share fee.




Organization structure of association:-


Facilities or Services given by this society:-


2(1). Shares:-

A unit of ownership that represents an equal proportion of a company’s capital.  It entitles it’s holder (the shareholder) to an equal claim on the company’s profits and an equal obligation for the  company’s debts and losses.


Their are 2 types of share in this particular society:-


  1. General / Regular share,
  2. Associate share.



  • General share / Regular share:-

Regular share most frequently refer to shares in a credit union.  Credit unions are financial co-operatives that operate like banks by providing savings and checking a/c’s , as well as other services

to members.  Unlike banks, user are members, not simply customers, with ownership in the union.  People may become members by purchasing a share in the union and opening a regular share a/c.  Total regular share collected by this institution is 9475.


  • Associate share.


2(2). Loan :-

A loan is the lending of money from one individuals, organization or entity to another individuals, organization or entity to another individual, organization or entity. A loan is a debt provides by an organization or individual to another entity at an interest rate, and evidenced by a promissory note which specifies, among other things, the principal amount of money borrowed, the interest rate the lender is charging and date of repayment. A loan entails the reallocation of the subject for a period of time, between the lender and borrower.


There are five types of loan facility in its institution



  1. Surety loan
  2. Vehicle loan
  3. Property loan
  4. Gold loan

5.Deposit loan


  1. Surety loan:-

A surety loan is a loan which was given to a person under the obligation of other person who aggress to pay a debt or perform a duty if the other person who is bound to pay the debt or perform the duty fail to do so.


  • Number of surety loan given by this Co-operative society was 5,062.
  • The loan taker must be a member of this Co-operative society.
  • They will provide loan only after completion 1 year of membership.



  • Membership application form.
  • Surety loan application.
  • 2 Passport size photo.
  • D proof.



  1. Vehicle Loan:-

Loan which is given on the vehicle is called loan.


  • They provide loan only for two wheeler vehicle’s.
  • 6 Member have taken vehicle loan from this Co-operative society.
  • Clearance can be may monthly or yearly.




  • Application from.
  • C Book.
  • Registration copy.
  1. Property Loan:-

Loan which is given on the property or asset of the member is called Property Loan.


  • Property loan is not yet started in this Co-operative society but they have planned to start this scheme this year.
  1. Gold loan:-

Gold Loan is a loan where loan is given by pledging your gold ornaments, coins, biscuits, bars etc.., The lender provides you with liquidity a predetermined rate of interest. Loans are sanctioned after scrutiny of basic documents and satisfactory evaluation of gold pledged.


  • Only 2 members have taken gold loan in this society.



  • Application Form.
  • D proof


  1. Deposit Loan:-

The term deposit refers to money placed with a bank or other financial institution. Deposits are generally made into either a checking or savings accounts, although many other types of accounts exits where deposits can also be made.


It depend upon the deposit they kept they give 80% loan based on that deposit.



  • Application form.
  • Membership opening bond is taken back from the member who takes deposit loan.


The term deposit refers to money placed with a bank or other financial institution. Deposits are generally made into either a checking or savings accounts, although many other types of accounts exists where deposits can also be made.

There are 3 types of deposit in this Co-Operative Society they are as given below:-

  1. Saving or Samruddi
  2. Recurring Deposit.
  3. Fixed Deposit.


1.Saving or Samruddi  Deposit:-

A Saving deposit is an interest bearing deposit account held at a bank or another financial institution that provides a modest interest rate. This institutions may limit the number of withdrawals you can make from your savings account each month and they may charge fees unless you maintain certain average monthly balance in the account.  They will not provide checks with savings accounts.

Interest Rate Of Saving Deposit :-

  • If we deposit 100/- for 6 months it will provide 4% interest.


2.Recurring Deposit:-

It is a ‘Recurring deposit’ is a special kind of term deposit offered by this institution which helps the people with regular incomes to deposit a fixed amount every month into the recurring deposit account and earn interest at the rate application to fixed deposit.


Interest Rate Of Recurring Deposit:-


Year Per  Month Rs. Interest Rate
1 year 100/- 1233
2 years 100/- 2555
3 years 100/- 4014
4 years 100/- 5666
5 years 100/- 7586



Fixed deposit is a deposit which is a financial instruments provided by institution or NBFC’s which provides investors a higher rate of interest then a regular savings account and till the given maturity the creation of a separate account.


Interest Rate Of Fixed Deposit:-

Period Interest rate
91 days to 170 days 08.25%
80 days to 364 days 09.25%
1 year and above 10%
2 year and above 09.75%
3 year and above 09.50%



A Document serving as evidence for some claimed transaction, as the receipt or expenditure of money.


There are different colored Voucher Slip in this society:-

  • Yellow voucher slip
  • Blue voucher slip
  • Green voucher slip
  • Pink voucher slip

Different Types of transaction are recorded in different colored Voucher Slips as fallows:-

  • Yellow Voucher indicates Credit transaction.
  • Blue Voucher indicates Debit, Loan, Repayment transaction.
  • Green Voucher indicates Shares, Fixed deposit, Recurring deposit.
  • Pink Voucher indicates Savings account transaction.


A written and signed promise to pay a certain sum of money on a certain date, or on fulfillment of a specified condition. All documented contracts and loan agreements are bounds.



A Saving Account is an account provided by a bank for individuals to save money and earn interest on the cash held in the account. A Savings account can be used to save money for specific expenses or for longer term undefined goals, all while earning interest on the money in the account.




A Joint Account is a bank account shared by two or more individuals. Any individual who is a member of the joint account. Can withdraw from the account and deposit to it, usually, Joint accounts are shared between close relatives or Business Partners.


2(8).MEMBERSHIP (Meaning):-

Membership of an organization means it is the state of being a member of society, institution or an organization.

2(9).CO-MEMBERSHIP (Meaning):-

Co-Member is a person or a fellow member of a particular society, institution or an organization.

2(10).FIXED DEPOSIT (Meaning):-

Fixed Deposit is a deposit which is an financial instrument provided by institution, society or NBFCs which provides investors a higher rate of interest than a regular savings account and till the given maturity date. It may or may not require the creation of a separate account.

2(11).PROMISSORY NOTE (Meaning):-

A Promissory note is a financial instrument that contains a written promise by one party to pay another party a definite sum of money, either on demand or at a specified date. A Promissory note typically contains all the terms pertain to the indebtedness, such as the principal amount, interest rate, maturity date, date and place of issuance and issuer’s signature.


2(12).ACCEPTANCE LETTER (Meaning):- (NAMOONE – 1)

A letter of acceptance is a formal indication of a successful application or offer for something. It is called letter of Acceptance.

2(13).PAYMENTS RECEIPT (Meaning):- (NAMOONE  – 2)

A written acknowledgement of having received or taken into one’s possession.

  • A specified amount of money.
  • The amount or quantity received.
  • The act of receiving or the state of being received.


A person who accepts legal responsibility for another person’s debts or behavior, or money given as a promise that someone will do something that they have promised to do, such as pay a debt or appear in court.




Micro insurance looks to aid low-income households by offering insurance plans tailored to their needs and provide protection to individuals who have little savings. Because the coverage value is lower than a usual insurance plan the insured people pay considerably smaller premiums.

LIC s micro life is a micro insurance product providing death, disability accident and funeral expenses benefits besides substantial savings and return on maturity perhaps the first of its kind in the specific region, this products is offered in Fiji only and aims to provide low cost life insurance solution to the segments of society who have up to this point been under served, thereby promoting greater financial inclusion.


It is a form to cancel your membership, you need to complete a cancellation our welcome desks. It takes 30 days to complete cancellation policy that means that you will be billed for one more month of membership after you complete the cancellation from.


Group picture



I consider this as an opportunity to express my sincere gratitude to all those who helped and supported me in bringing up dissertation.


I would also like to express my deep sense of gratitude to GOD almighty, for showering the blessing upon me in this venture and my Inplant training to a success.


I sincerely express my gratitude to our principal Mss. SUMA for her support and extremely thankful to our Mr. Krishnamurthy and also our lecturers Deepak Dongre, Dakshayani, Rudresh, Sarala, Ashwini, and Vedavathi, for their encouragement , help and valuable support.


I express my heartful thanks to director of Stree Bandhu Multipurpose Souharda Co-operative Limited.  Mss. Precilla Martis, (CEO) Chief Executive Officer.  Fr. Veeresh .V Moras and Manager Mr. Devdhan and other employees for their valuable guidance and encouragement throughout my work.  I would like to express my sincere thanks to this co-operative society for their contribution.





Works Experience:-


We are the student of GRWPT and we are here for in-plant training.  We have been to Stree Bandhu Multipurpose Souharda for in-plant training Co-operative limited.


It was a new experience for use to work here. We have learnt many thinks form this society.  We learnt how to write bond voucher, to write cash book, to make system entries and also we attended meeting by working in this society.  We got knowledge about how co-operative society works discipline knowledge we learnt how to work in team and also gain self confidence.


About Institution:-


Streebandhu Multipurpose Souharda co-operative limited.  Which was registered under Karnataka Souharda Act 1997, located at samruddi, Alkola circle, Sagar road, shivamogga and it was started on 2013.  It completed  5 years very successfully.  The main aim of this society is to make savings from members of association and to earn profit by it.


Chapter 3:-


P.O  Or  Skills obtained by training….


P.O-1.  Basic knowledge.

P.O-2.  Discipline knowledge.

P.O-3.  Application and practices.

P.O-4.  Managerial / Secretarial tools.

P.O-5.  The profession and society.

P.O-6.  Ethics.

P.O-7.  Individual and team work.

P.O-8.  Communication.

P.O-9.  Life long learning.


Chapter 4:-




Today  co-operative societies are well developed and the main aim of  this societies to make the people save money or to motive the people to earn profit and also to uplift the economical condition of the people.

And I here by concluding that this society is following all the rules and regulations legally without and fraud.





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