The Financial Health of MM.117 Panjamadevi PACCS - A Studyin Karur District of Tamil Nadu, India

Dr. Kandasamy Dhevan and Dr. B. Baskar
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Dr. Kandasamy Dhevan: Associate Professor, The Gandhigram Rural Institute Deemed to be University
Dr. B. Baskar: Assistant Professor, The Gandhigram Rural Institute (Deemed to be University), Tamil Nadu, India

African Journal of Commercial Studies, 2025, vol. 6, issue 2

Abstract: The credit need for agricultural activities has added significance in India because of the pivotal agricultural position in the national economy. The Periodic Labour Force Survey (PLFS 2020-21) also reported that 2020-21, 38.9 percent of the total workforce was engaged in self-employed agriculture, compared to 37.8 percent in 2017-2018. The reliance on agriculture for livelihoods is more or less constant. NABARD Financial Inclusion Survey 2018 computed that in farm households, income from agriculture and livestock constituted only 43 percent of the total revenue, rendering agriculture a less critical activity (Narasimhan Srinivasan, 2019). The prosperity and well-being of the entire people of India depend on the progress and prosperity of agriculture. An efficient and developing agriculture is now considered to be a significant factor in accelerating the pace of economic development. In order to find the financial health of PACCS, a micro-level study has been conducted in which it was found that the members of Primary Agricultural Cooperative Credit Society may be encouraged to diversify their production activities to include viable schemes such as income-generating enterprises, transportation, education, and others. It is understood that the society has been very successful in almost all respects of its functioning, namely in the admission of members, strengthening of its share capital, mobilizing the deposits, and availing credit from different sources. As a result, the society has profited from its operations. So, this particular society's financial health is strong.

Keywords: Cooperatives; Financial Health; Credit; Income generation; Members (search for similar items in EconPapers)
JEL-codes: G21 P13 Q14 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cwk:ajocsk:2025-47

DOI: 10.59413/ajocs/v6.i2.14

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