Co-operative Societies are organized and formed with the aim and objects to cater the financial needs and socio-economic development of its members. The services of these societies are focused to save the financial interest of its members as well as save them from the harassments and exploitation of the private money lenders on the one hand on the other hand, it creates a sense of self help through mutual help amongst its members as well as encourages them to unite and create a habit of savings for their future needs.

Therefore, The Delhi Cooperative Societies Act, 2003 has been enacted which aims to consolidate and amend the laws relating to cooperative societies, to facilitate the voluntary formation and democratic functioning of cooperatives as people’s institutions based on self-help and mutual aid to enable them to promote their economic and social betterment and to provide for better regulation, management, functional autonomy of such societies and for matters connected therewith or incidental thereto in the National Capital Territory of Delhi.

The Object of the Society are to promote the economic , Social and Cultural Interest of the members and more particularly to arrange:

To Create Funds to be lent to its members for various purposes.
To Undertake welfare activities particularly for the members and employees and their children for the promotion of their moral, education and physical improvements.
To undertake Thrift and Credit Business by mobilizing deposits from members.
To lands and buildings or to take them on lease or rent for business of the society.
To do all such things as are incidental or conductive to the attainment of any or all of the above Objects.
To undertake other measures designed to encourage in the members the sprit and practice pf thrift , self help and mutual help.