Impact of Farm Indebtedness on Performance of Primary Agricultural Co-operative Credit Societies with reference to Farmers Suicide in Washim District

Performance of sample PACS over the period of 10 years from 1997–98 to 2006–07 was analyzed. The Washim district was selected purposively as large number of farmer's suicide committed in the district. Two tahsils viz: Manora and Wasim were selected on the basis of highest and lowest number of suicides committed, respectively. The study reveals that the increase in the working capital of the PACS from the suicidal area of Manora tahsil was relatively more than the PACS from the non-suicidal areas of the Wasim district. The amount of loan taken from private agencies was the main reason for overdues of PACS in where in large number of farmers suicidal cases were noticed. The performance index of the PACS from the non-suicidal area was far better than the PACS from suicidal areas and the main reason of this is the loan overdues. Study suggests that there is a need to strengthen the overall performance of PACS especially from the areas where farmer's suicides have been reported.