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Roles and Responsibilities of PACS in Strengthening Farmer?s Economy
Subject area: Management and Commerce · Area of research: Economics
Abstract
In terms of the provision of agricultural credit historically, credit cooperatives have held a leading position, and primary agricultural cooperative societies (PACS) have served as the foundation for rural cooperative banking in India for more than a century. The usefulness of these institutions has occasionally been questioned in policy circles due to the declining percentage of cooperatives in rural finance and the fast-evolving financial system that emphasizes efficiency, profitability, technology, and sustainability. Some policy advocacy groups have emphasized that only powerful organizations that can produce long-term results should be permitted to operate in the financial sector. This article discussed that the Roles and Responsibilities of PACS in Strengthening Farmer?s Economy.
Keywords
PACS, Roles, Responsibilities
How to cite this paper
@article{1703223,
author = {Vemula Kasha Goud, Dr. K. Ravindar Reddy},
title = {Roles and Responsibilities of PACS in Strengthening Farmer?s Economy},
journal = {Iconic Research And Engineering Journals},
year = {2022},
volume = {5},
number = {8},
pages = {344-347},
issn = {2456-8880},
url = {https://www.irejournals.com/formatedpaper/17032231.pdf},
abstract = {In terms of the provision of agricultural credit historically, credit cooperatives have held a leading position, and primary agricultural cooperative societies (PACS) have served as the foundation for rural cooperative banking in India for more than a century. The usefulness of these institutions has occasionally been questioned in policy circles due to the declining percentage of cooperatives in rural finance and the fast-evolving financial system that emphasizes efficiency, profitability, technology, and sustainability. Some policy advocacy groups have emphasized that only powerful organizations that can produce long-term results should be permitted to operate in the financial sector. This article discussed that the Roles and Responsibilities of PACS in Strengthening Farmer?s Economy.},
keywords = {PACS, Roles, Responsibilities},
month = {February},
}