Primary Agricultural Credit Societies (PACS)

About: Primary Agricultural Credit Societies (PACS) occupy a predominant position in the co-operative credit structure and form its base. A PACS is organized at the grass roots level of a village or a group of small villages. It is this basic unit which deals directly with the rural (agricultural) borrowers, gives those loans and collects repayments of loans given. It serves as the final link between the ultimate borrowers on the one hand and the higher financing agencies, namely the SCBS, and the RBI/NABARD on the other hand.

Detail: Each PACS was designed to be a village-level credit society into which the farmers brought in share capital, deposits and provided loans to each other.

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