Performance and Prospects of Primary Agricultural Credit Societies in Haryana during 2000–01 to 2014–15

There exist a spectrum of problems in access to agriculture but agriculture credit is one of the major problems in rural India. In providing access to credit, Primary Agricultural Societies (PACS) play an important role. The present study is focused on various facets of Primary Agricultural Credit Societies ant it has revealed that the number of societies decreased at an annual compound growth rate of 11.93 per cent over the study period. The society membership, paid up share capital, deposits and working capital have increased over the study period. Every district in Haryana has shown a negative per cent change as far as number of PACS is concerned. The share of owned fund to total working capital was found very small in proportion. The higher credit deposit ratio depicts more loans advanced than deposits. The deposits have increased significantly over the study period in Haryana, but the share of deposits in working capital was small. The number of PACS in profit decreased while the number of PACS in loss increased over the study period in Haryana.