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BANKING TRADE AND COMMERCE
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TRADE ASSOCIATIONS
Association of traders is a natural outcome of progressive,
organized and large-scale trade. Sangli, being an entrepot centre
of trade, has a Chamber of Commerce and some associations of
traders. These associations primarily aim at solving the problems
of the trading community and at making available to individual
traders various facilities and promoting security and stability to their trade.
Chamber of Commerce.
The Chamber of Commerce, Sangli, is one of the oldest organisations of its kind in the South Maharashtra region. It was established in 1910 and registered under the Societies Registration Act in 1939. The objects of this body are to safeguard the interests of traders, fettle disputes among them, help them solve any dispute between traders and the market committee and to redress grievances of the traders in respect of sales-tax, income-tax and other related problems. The Chamber of Commerce collects statistics and data for the information of the interested parties. It also helps the members in matters of banking, insurance and transport of goods and takes a leading part in regularising the market practices at Sangli. The Chamber aims at preserving cordial relationships among the traders and general commission agents.
The Chamber has a membership of 151 traders. The managing committee of the Chamber is headed by a President, and comprises 10 members. The managing committee is assisted by subject committees dealing with various matters of interest. Among them, the working committee and disputes committee are the important ones.
Bhusar Vyapar Mandal.
This is an association of merchants dealing in foodgrains. Like many other associations, it aims at fostering the interests of the merchants and at redressing the grievances of the traders. At present the membership of the Mandal is 50.
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