Journal Press India®

Pathargama Primary Agriculture Credit Co – Operative Society, A case for intense study with respect Transformations brought by Vaidyanathan Committee Recommendations in PACSs

Vol 8 , Issue 1 , January - March 2020 | Pages: 12-16 | Research Paper  

https://doi.org/10.51976/ijari.812003

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Author Details ( * ) denotes Corresponding author

1. * Shekhar Babu, P. G. Rural Economics and Co-operative Management Department, Tilka Manjhi Bhagalpur University, Bhagalpur, Bihar, India (shekharbabubgp@gmail.com)

The present study is related with the impact analysis of Pathargama PACS in Godda district of Jharkhand. The PACS under study has 1812 members out of which 12 persons are in the Board of Directors of the society include 5 women and 1 ST members. Vaidyanathan study team provides financial as well as non-financial assistance to only eligible Societies. Eligibility criteria comprise improvement is management and record keeping, efforts taken to improve recovery performance and aiming at enhance overall efficiency. The concerned committee fulfils the criteria. Hence it was provided assistance of Rs 232000 from the DCCBs Godda which was given fund by NABARD through the Government of Jharkhand. The fund obtained was utilized by the society for legislative reformed brought about in the Bye-Laws by the state government. It provided reduction in government intervention such as voting right to members, limiting supervisory power of the Government and increase in composition of its functions. The Society adhered to the programme of providing and attending training courses organized by the BIRD, DLTs and CAS. Vaidynathan committee also effected technological reforms and attempted to provide Internet facility to the society. In this attempt the society has not been successful till date. Attempts have been taken to improve recovery performance regularity in holding meetings, according larger membership to weaker sections of the society and enlargement of financial capacity and it’s functioning in addition to credit activities.

Keywords

Transparency, Criteria, Agriculture, Mechanism


  1. Annual credit plan of Godda district. District Co-operative officer’s report.

  2. Report of Assistant Registrar of co-operative society department, Godda. District Co-operative bank report.

  3. Annual audit report of PACS. Government of India, Report of Task Force on Revival of Rural Co- operative Credit Institutions (Short Term Co-operative Credit Structure), Vaidyanathan Committee, 2004.

  4. Government of India. Report of the High Powered Committee on Cooperatives, GOI, Ministry of Agriculture, New Delhi, 20019, 1-103.

  5. NABARD: Cooperative Credit Movement over the years – An Overview. Cooperative Credit Institutions. National Bank for Agriculture and Rural Development, Bombay. 6, 2007a, 69 – 76.

  6. NABARD. Report of the Task Force on Revival of Short Term Cooperative Credit Institutions. PRS Legislative Research, National Bank for Agriculture and Rural Development, Bombay. (Prof. Vaidyanathan Committee Report, Final),  2007b, 1 – 96.

  7. NABARD. Common Accounting System, https://www.nabard.org/pdf/Common_Accounting_System_for_PACS.pdf, 2013, 1 – 43.

  8. NABARD. Government of India’s Revival Package for STCCS, Cooperative Revival and Reforms. Retrieved from https://www.nabard.org/english/GOI_STCCS.aspx, 2013.

  9. Veerashekharappa, Rajeev, Meenakshi. Implementation of Revival Package For Short-Term co-operaative Credit Structure (STCCS) in Andhra Pradesh. Project No. CESP/106, Centre For Economic Studies and Policy (CESP), Institute for Social and Economic Change, Bangalore 2011.

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