Performance of Primary Agricultural Credit Societies: Evidences From Haryana

“Finance is a major impediment to Indian farmer to cultivate their lands in time and to switch over to the modern techniques of production. Timely and adequately supply of credit is an important pre-requisite for agricultural development in India. When we talk about institutional credit system to rural India, co-operatives attract more attention i.e. co-operatives have played and are still playing an important role in purveying credit to farmers in India. Co-operative Credit Societies are a major source of agriculture finance. At the grass-root level, these Primary Agricultural Credit Societies (PACS) are expected to play a crucial role in meeting the needs of credit as well as agricultural inputs to boost agriculture production and thereby improving the economic and social status of rural India. These are real retail shop for short and medium-term credit to agriculturists. This paper examines the growth and progress of PACS in Haryana since The year 1966–67. “