Roles and Responsibilities of PACS in Strengthening Farmer’s Economy

• Author(s): Vemula Kasha Goud ; Dr. K. Ravindar Reddy
• Paper ID: 1703223
• Page: 344-347
• Published Date: 22-04-2022
• Published In: Iconic Research And Engineering Journals
• Publisher: IRE Journals
• e-ISSN: 2456-8880
• Volume/Issue: Volume 5 Issue 8 February-2022

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

Citations

IRE Journals:
Vemula Kasha Goud , Dr. K. Ravindar Reddy "Roles and Responsibilities of PACS in Strengthening Farmer’s Economy" Iconic Research And Engineering Journals Volume 5 Issue 8 2022 Page 344-347

IEEE:
Vemula Kasha Goud , Dr. K. Ravindar Reddy "Roles and Responsibilities of PACS in Strengthening Farmer’s Economy" Iconic Research And Engineering Journals, 5(8)