*Sri Durgaparameshwari Credit Co-operative Society Ltd., Head Office: Parkala, Udupi District – 576107*
*The Co-operative Journey So Far*

In 2000, like-minded members of the Rajapur Saraswat community in Udupi taluk came together with the aim of establishing a co-operative society in our area so that our people could receive financial support, social development, and simple, accessible banking services. On consulting the Co-operative Department, we were informed that registration would be possible with 300 members and ₹3 lakh in share capital.

Acting swiftly, within just one month we brought together 365 members and ₹3,67,000 in share capital. The Society was registered on 25-05-2001 under the name “Sri Durgaparameshwari Credit Co-operative Society, Parkala.” After the first meeting, among the leading figures of the community’s organizations, the founder directors elected Shri M. Balakrishna Nayak (Bannanje) as the Founding President.

On 27-06-2001, the Society was inaugurated by Shri K. K. Pai at a 150 sq. ft. shop room in Parkala, Manipal. We began operations with ₹5 lakh in deposits on the very first day, and by the second year the institution had turned profitable. Thereafter, we expanded step by step:

* **2004:** Branch opened at Bantakal
* **2008:** Branch opened at Hiriyadka
* **2010:** Head Office and Parkala branch moved into our own building
* **2012:** Manipal branch opened in our own building
* **2015:** Kukkehalli–Brahmavar branch opened
* **2018:** Bantakal branch moved to its own premises
* **2020:** Udupi branch opened, steadily extending services to cover the entire Udupi district

**Leadership:**

* 2006–2011: Shri Shivaraya Nayak, Parkala — President
* 2011–2021 (two terms): Shri B. Ramakrishna Nayak, Parkala — President
* 2021–present: Shri Ashok Kamath, Kodange — President, leading the institution forward

**Today, the Society reports:**

* ₹2.25 crore in share capital
* ₹152 crore in deposits
* ₹105 crore in loans
* ₹3 crore in net profit

For the past 23 years, we have consistently declared dividends and are celebrating our **25th (Silver Jubilee) year** with pride. The Society has purchased **20 cents** of land alongside the National Highway at Parkala and is inaugurating its **own 16,000 sq. ft. building**.

Across all branches we offer e-Stamping, RTC (record of rights/tenancy/crops) services, and **interest-free solar loans**. Socially, we conduct health camps, honor achievers, run Aadhaar correction drives, support Kannada-medium schools, and contribute to health, sports, cultural programs, environmental initiatives, and other charitable activities—earning a reputation as a people-friendly institution.