Opinion of Managers’ Regarding Working of Punjab State Co-operative Agricultural Development Bank Through PCA

The special banks providing long-term loans are called Land Development Banks. The first Land Development Bank was established at Jhang in Punjab in 1920. Punjab State Co-operative agricultural and rural development bank is playing an important role in meeting credit requirement of rural population in the state. The basic objective of the bank was to eliminate exploitations of the farmers by the money-lenders, by providing the farmers long-term loans at cheaper rates of interest, repayable in easy installments for redemption of mortgages. Present study make an attempt to know the opinion of managers of PADBs regarding the working of Punjab State Co-operative Agricultural and Rural Development Bank through Factor analysis by Principal Component technique for which primary data has been collected through predesigned questionnaire. All the managers are satisfied from the working of the bank except that the bank is facing competition with other banks, stamp duty on registration, share money is very high, adequate staff is not available at the bank, deposit mobilization scheme of the bank is not running effectively and the bank does not adopt modern technologies. The Principle Component Analysis merged 35 statements into eight factors upon which working of the Bank is based. The eight contnet are propre perdsuation, timely and economical, moderisation, encouragement, support by PSCADB, simple procedure, skill development and diversification