To receive money by way of Fixed, Recurring and Saving Deposits from members of the Company only as are allowed by Law and the company will carry out the businesses as per the rules prescribed for Nidhi/Mutual Benefit Company under the provisions of Sections 45-IA, 45-IB and 45-IC of the Reserve Bank of India Act, 1934 (2 of 1934) shall not apply to any Non-Banking Financial Company(NBFC) Notified under Section 620A of the Companies Act, 1956 the powers conferred by sub-section (1) of section 406 read with sub-sections (1) and (2) of section 469 of the Companies Act, 2013 (18 of 2013), known as Nidhi Companies and also the provisions contained in Non-Banking Financial Companies Acceptance of Company, Public Deposits (Reserve Bank) Directions, 1998 shall not apply to a Mutual Benefit Financial Company or a Mutual Benefit company provided that the application of Mutual Benefit Company is not rejected by Government of India under the provisions of the Companies Act. However, the Company shall not operate any current account and shall not do banking business, as defined in Banking Regulation Act, 1949, and shall not do any Chit Fund Business. The Company shall also not carry on business of dealing in shares and debentures, insurance business and hire purchase business. To lend, grant loans to the shareholders or members only as against securities of immovable properties and/or on the security of deposits, movable such as Gold, Silver, Jewellery, Kisan Vikas Patra, National Saving Certificate Scheme, Life Insurance policies and other Government securities up on such terms and conditions as may from time to time prescribed in Law for Nidhi or Mutual Benefit Companies and to encourage and afford all facilities for cultivating thrift, saving habits and to render all financial assistance to its member only by receiving Long and Short Term Deposits and in particular Fixed, Recurring, Saving and other deposits not being current accounts from the members as are allowed by law of Nidhi or Mutual Benefit Companies. To collaborate and organize with various service providers for arranging benefits to the members like discount programs, membership programs and facilitate economic cooperation and create a platform, and to engage in community development initiatives for encouraging thrift and savings for the betterment of members of the company, promoting financial literacy programs that empower individuals with knowledge and skills to make informed financial decisions but not entering into any partnership arrangements in its borrowing or lending activities.