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Jayapriya Grama Valarchi Nidhi is a limited by shares company that was established on ninth day of September in the year 2022 under the Companies Act, of 2013 (18 of 2013) and rule 18 of the Companies (Incorporation) Rules, 2014]. The Ministry of Corporate Affairs of the Government of India has granted the company approval (CIN: U65990TN2022PLN155260). The founder and current Managing Director of Jayapriya Grama Valarchi Nidhi Limited, Mr. C.R. Jayasankar, together with two additional directors, Mrs. R. Kasthuri and Mrs. S. Anitha, administer this Nidhi Company.

In today's world, most of the people from villages leave their homes and move to cities to either study or earn a living. But the fact is life in the village area is actually enjoyable and more peaceful than in any other metropolitan city. Villages have a natural beauty to them, and they are simple, calm yet beautiful. The people living in the villages mostly go to the fields to earn their daily living, they are generally hardworking and their day starts very early than most other people living in the cities or town. They work hard in the field the whole day and just get some rest when it is dawn. The Jayapriya Group founded the Nidhi Company in order to help the villages who persistently hope for a better future. We provide a variety of deposit options, including Savings Deposits, Recurring Deposits, Cumulative Deposits, and Fixed Deposits, to encourage saving behaviour. Additionally, we provide a variety of low-documentation loans, including Gold Loans, Loans Against Securities, and Loans Against Property, with minimal rate of interest.

As a Nidhi Company we are not engaging in the following actions:

  • Conduct chit fund, hire purchase, leasing, insurance, or securities acquisition operations by any Body corporate.
  • Issue debt instruments or preference shares.
  • Open any current account with its participants.
  • Acquire any company by way of purchase of securities or controlling the composition of directors unless approval has been taken from the regional director.
  • Engage in any activity other than the name-giving business of borrowing and lending.
  • Accept deposits from and lend money to anyone other than its members.
  • Accept deposits from or extend credit to any corporation.
  • Engage in any type of cooperation agreement when it comes to borrowing or lending.
  • Send out a solicitation for the deposit in an advertisement.
  • Pay any commission or incentive for obtaining member deposits or for approving loans.
  • Impose a fee for the issuance of its shares or only issue up to 10 shares per depositor.
  • Grant loans to members who exceed the cap by the 2014 Nidhi guidelines.
  • Charging its members an interest rate that is more than the sum of the highest deposit interest plus 7.5 %(for instance, if a member receives the highest deposit interest of 12.5%, the highest loan interest charged should not exceed 20%, or 12.5%+7.5%).
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