Primary agricultural credit societies in India

Authors

  • A. Saravanadurai Reader in Economics, Department Of Economics, Periyar University, Salem
  • N. Manimehalai Assistant Professor of Economics, LRG. Government College for Women, Tirupur – 4 & part time ph.d scholar, Department of Economics, Periyar University, Salem

Keywords:

agricultural credit, co-operatives, grass root level, outstanding, working capital

Abstract

Agriculture is a backbone of Indian economy. As per the census, about 68.8 percent of the population resides in the rural area and depending directly or indirectly upon agriculture for their livelihood. The contribution of this sector to the gross domestic product (GDP) is, however, declining very rapidly and is presently about 14.5 percent (in 2010-11) and this sector is also showing a deceleration in growth rates. Therefore, it is very important for this sector to achieve higher growth rates and also be an engine of growth so that growth in other sectors and the overall growth rate of the economy can be achieved. The primary agricultural credit co-operative societies are considered to be the pillars of the entire cooperative edifice. The PACSs continue to be the main source of agricultural credit to the farmers in rural areas.

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References

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Published

2016-07-31

How to Cite

Saravanadurai, A., & Manimehalai, N. (2016). Primary agricultural credit societies in India. International Research Journal of Engineering, IT and Scientific Research, 2(7), 51–61. Retrieved from https://sloap.org/journals/index.php/irjeis/article/view/498

Issue

Vol. 2 No. 7: July 2016

Section

Research Articles
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