Vol. 8, Special Issue 4 (2020)
Performance of primary agricultural credit societies (PACS) in Kolhapur district
Author(s): Shinde HR, JP Yadav, AN Ratanparkhe, MS Jadhav, US Bonar, BJ Deshmukh and RB Hile
Abstract: The credit plays an important role in agriculture sector. The Primary Agricultural Co-operative Societies (PACS) form the basic foundation of cooperative credit system essential for farming community. PACS organized, managed and benefitted by member farmers. Credit Societies at all India level are 95238 with total membership consist of 1305.47 lakhs. The financial institutions directly associated with agricultural finance at grass root level in the State are Primary Agricultural Credit Co-operative Societies (PACS) which provide short-term crop loans to their cultivator members. Kolhapur is district is agriculturally progressive district. The capital intensive sugarcane crop is the major crop contributes around 25 per cent share in total cropping pattern of the district. PACS plays an important role to provide timely credit to the farming community. Present study was conducted with to the growth in physical performance indicators of PACS, to estimate the growth in financial performance indicators of PACS and to examine the cropwise loan disbursement by PACS in the district. The study concluded that the number of PACS and membership of PACS has increased marginally but the loan advanced by them increased tremendously in Maharashtra during last 50 years. The short term loan disbursed by PACS in Maharashtra contributed more than 84 per cent in total loan disbursement. Karveer tahsil has maximum number of PACS and maximum number of members of PACS in Kolhapur district. The share capital, working capital, loan disbursement and loan outstanding has increased during the year 2019 over the year 2019 in all tahsils in the district. The loan for sugarcane crop contributed more than 97 per cent of total loan disbursement by DCCB through PACS during the period under study and recorded significant CAGR 4.55 per cent per annum. The loan advances through PACS were increased significantly in the District. The PACS from Karveer tahsil recorded positive growth for last five years in all physical and financial indicators and showed better performance than PACS from Kagal tahsil.
DOI: 10.22271/chemi.2020.v8.i4d.9998
Pages: 247-253 | 1281 Views 175 Downloads
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How to cite this article:
Shinde HR, JP Yadav, AN Ratanparkhe, MS Jadhav, US Bonar, BJ Deshmukh and RB Hile. Performance of primary agricultural credit societies (PACS) in Kolhapur district. International Journal of Chemical Studies. 2020; 8(4): 247-253. DOI: 10.22271/chemi.2020.v8.i4d.9998
