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International Journal of Pure & Applied Bioscience (IJPAB)
Year : 2018, Volume : 6, Issue : 2
First page : (1226) Last page : (1229)
Article doi: : http://dx.doi.org/10.18782/2320-7051.6544

Pattern of Credit Disbursed by Primary Agricultural Credit Societies (PACS) in Haryana during 2000-01 to 2014-15

Mohit Kumar*, V. P. Mehta and Kamal Kumar
Department of Agricultural Economics, College of Agriculture, CCSHAU Hisar (Haryana), India
*Corresponding Author E-mail: thisismohitchauhan@gmail.com
Received: 9.03.2018 | Revised: 16.04.2018 | Accepted: 22.04.2018

 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 agricultural loans (short and medium term) constituted more than 90 per cent of total loan advanced over the study period. Consumption loans, loans to rural artisan and loans to petty shopkeeper decreased with a CAGR of 16.54%, 10.27% and 1.19% respectively during the study period. Major portion of total loan advanced was given as short term loans followed by long term.

Key words: Agriculture, Co-operative, Short term loans and Medium term loans

Full Text : PDF; Journal doi : http://dx.doi.org/10.18782

Cite this article: Kumar, M., Mehta, V.P. and Kumar, K., Pattern of Credit Disbursed by Primary Agricultural Credit Societies (PACS) in Haryana during 2000-01 to 2014-15, Int. J. Pure App. Biosci.6(2): 1226-1229 (2018). doi: http://dx.doi.org/10.18782/2320-7051.6544