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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
References
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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},
}