Authors :
Johnson N J.; Dr Deepa Paul
Volume/Issue :
Volume 9 - 2024, Issue 5 - May
Google Scholar :
https://tinyurl.com/tbjccj3c
Scribd :
https://tinyurl.com/3p5mrvbj
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAY1550
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This article examines the financial and
operational performance of Primary Agricultural Credit
Societies (PACS) in Kerala over a 15-year period,
focusing on key variables such as the number of societies,
membership strength, paid-up share capital, reserves,
deposits, working capital, loans issued, loan outstanding,
and loan overdue. The analysis highlights significant
growth in capital mobilization and deposit mobilization,
reflecting the expanding role of PACS in rural financial
inclusion. However, the rising trend in loan overdue
amounts indicates challenges in loan recovery,
necessitating improved credit risk management. The
findings suggest that while PACS have shown robust
financial growth and stability, strategic interventions are
required to address loan recovery issues and sustain their
pivotal role in supporting rural communities. The article
concludes with recommendations for enhancing credit
risk management, member education, financial product
innovation, and leveraging technology to ensure the
continued success and stability of PACS in Kerala.
Keywords :
Primary Agricultural Credit Societies (PACS), Loan Recovery, Financial Performance, Membership, Deposits, Working Capital, Non-Performing Assets (NPAs)
References :
- Ashraf, Muhammed, H., Bhandari, & Kumar, A. (2023). tability of Cooperative Banks in Kerala, India: A Comparative Study of Banks across Ownership Structures. Prajnān, Vol 52, Issue 1.
- Chalam, G., & Prasad, A. (2007). An evaluation of financial performance of cooperative societies in Andhra Pradesh (a study of selected PACSs in West Godavari District). le: Indian Cooperative Review, Vol. 45, No. 1,, 42-58.
- Kanti, G. P., Arabinda, M., & Sudipta, S. (2018). An Appraisal of Performance of Primary Agricultural Cooperative Societies (PACS) in Nadia District of West Bengal. Economic Affairs, Vol 63, Issue 4, 891-896.
- Kulantaiswamy, V., & Murugesan, P. (2004). Performance of PACS - an empirical evaluation. Indian Cooperative Review, Vol. 42, No. 2, 121-130.
- Murugesan, P. (2007110-116). Performance indicators of PACSs. Indian Cooperative Review, 45 (2).
- Sekhar, D., & Vijayan, S. (2021). Productive Efficiency of Primary Agricultural Credit Societies in Kerala, India. NVEO-Natural Volatiles & Essential Oils Journal| NVEO, 8032 - 8040.
- Thipathy, K., Paliwal, M., & Nistala, N. (2021). Good Governance Practices and Competitiveness in Cooperatives: An Analytical Study of Kerala Primary Agricultural Credit Societies. International Journal of Global Business and Competitivesness, Vol 16, 153 - 161.
- Vishnu, M., & Selvanayaki, S. (2018). A Comparative Analysis of Non-Performing Assets in Selected Co-operative Banks in Thrissur District, Kerala. Madras Agric. J., 105 (7-9), : 352-355.
This article examines the financial and
operational performance of Primary Agricultural Credit
Societies (PACS) in Kerala over a 15-year period,
focusing on key variables such as the number of societies,
membership strength, paid-up share capital, reserves,
deposits, working capital, loans issued, loan outstanding,
and loan overdue. The analysis highlights significant
growth in capital mobilization and deposit mobilization,
reflecting the expanding role of PACS in rural financial
inclusion. However, the rising trend in loan overdue
amounts indicates challenges in loan recovery,
necessitating improved credit risk management. The
findings suggest that while PACS have shown robust
financial growth and stability, strategic interventions are
required to address loan recovery issues and sustain their
pivotal role in supporting rural communities. The article
concludes with recommendations for enhancing credit
risk management, member education, financial product
innovation, and leveraging technology to ensure the
continued success and stability of PACS in Kerala.
Keywords :
Primary Agricultural Credit Societies (PACS), Loan Recovery, Financial Performance, Membership, Deposits, Working Capital, Non-Performing Assets (NPAs)