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International Journal of Current Microbiology and Applied Sciences (IJCMAS)
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National Academy of Agricultural Sciences (NAAS)
NAAS Score: *5.38 (2019)
[Effective from January 1, 2019]
For more details click here

ICV 2018: 95.39
Index Copernicus ICI Journals Master List 2017 - IJCMAS--ICV 2018: 95.39
For more details click here

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PRINT ISSN : 2319-7692
Online ISSN : 2319-7706
Issues : 12 per year
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Editor-in-chief: Dr.M.Prakash
Index Copernicus ICV 2017: 100.00
NAAS RATING 2018: 5.38

Int.J.Curr.Microbiol.App.Sci.2018.7(4): 20-32
DOI: https://doi.org/10.20546/ijcmas.2018.704.003


Performance and Prospects of Primary Agricultural Credit Societies (PACS) in Haryana during 2000-01 to 2014-15
Mohit Kumar* and V.P. Mehta
Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, Haryana-125004, India
*Corresponding author
Abstract:

A major quantum of Indian population is engaged in agriculture and this makes agriculture as the backbone of Indian economy, it provides employment to about 50 per cent of country working force and accounts for about 13 per cent to national GDP. There exist a spectrum of problems in agriculture but agriculture credit is one of the major problems in rural area. As far as credit in agriculture is concerned PACS play an important role. So the present study focuses on various facets of Primary Agricultural Credit Societies. The overall findings of study revealed that the number of societies decreased at an annual compound growth rate of 11.93 per cent over the study period. Membership, paid up share capital, deposits and working capital have increased over the study period. Every district showed a negative per cent change as far as number of PACS is concerned. The share of owned fund to total working capital was very small in proportion. The higher credit deposit ratio depicts more loans advanced than deposits. Deposits have increased significantly over the study period in Haryana but share of deposits in working capital was small. Number of PACS in profit decreased while no of PACS in loss increased over the study period.


Keywords: Agriculture, Co-operative credit and Performance
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How to cite this article:

Mohit Kumar and Mehta, V.P. 2018. Performance and Prospects of Primary Agricultural Credit Societies (PACS) in Haryana during 2000-01 to 2014-15.Int.J.Curr.Microbiol.App.Sci. 7(4): 20-32. doi: https://doi.org/10.20546/ijcmas.2018.704.003