LENDING AND RECOVERY PERFORMANCE OF HOUSING CO-OPERATIVE SOCIETIES IN THANJAVUR DISTRICT – A STUDY FROM MEMBERS’ PERSPECTIVE

Abstract

Housing being one of the three basic needs of life always remains on the top priorities of any person, in any society and economy. As a human being, an individual needs his own space and privacy, which can be provided by the ownership of a house. The home is the basic need of the society. Home provides a platform to the family and the family is the most important social institution, which leaves its imprint on an individual for whole life. Thus, housing deserves significant attention in the context of developing policies and strategies for human development. But still the majority of human populace lives in slums, shanties and temporary shabby shelters in rural areas. The shortage of housing is a big impediment in the healthy development of an individual and consequently the society, and the nation. To each one, a home of his own being the main objective of the co-operative housing societies, it renders financial assistance to the individuals for construction, extension and repairs of their houses. Housing is a basic need of all, irrespective of their financial strength. Over the years co-operative housing societies has consistently endeavored to provide finances for house building activity by innovating value added products to enhance both its range and quality of service.