From the desk of the CEO .........
It is a privilege for me and Swayasnshree family to prepare and share the Annual Report with our key stakeholders and honored members. This year witnessed ups and downs in cooperative sector in the country and in our beloved state Odisha. Being a cooperative we got opportunity to be partnered with a DFID supported SIDBI-PSIG program and at the same time 30% overall growth in our Microfinance program performance. At the same time repeal of a progressive, member friendly Self Help Cooperative Act 2001, Odisha shattered our back bone. Many of our members and cooperatives were taken aback at this decision. However, as resilience, we decided to re-register our organization under Odisha Cooperative Act 1962 and to provide need based timely services to our large member base.
In the state, SMSSL emerged as a large member owned managed cooperative and got appreciations and recognizations from different state and national level organizations and its members at large. To bring more transparency and openness this year, the internal audit dept. and HR dept. were streamlined and strengthened. The capacity building support from SIDBI-PSIG project strengthened the capability and efficiency of staff and Board of Directors to provide better services to our members as well as to strengthen the organization.
I express my gratitude to GB who always thinks for the common concern. The 30% growth during the year is only possible for the hard labour, dedication, commitment of staffs is really commendable & admirable.
I also turn into to our consultant Mr. Narendra Nayak for his continuous support & guidance. Above all the success during the year definitely goes to our respective members.
Last but not least I am very much thankful to our key stakeholders like SIDBI, ACCESS, Basix, SBI, Axis Bank, Allhabad Bank, SBI and Ananya for overall growth of the organization.
Smt. Rashmiprava Das, OCS
ARCS, City Circle, Cuttack cum CEO Incharge