Volume : 7, Issue : 1, January - 2018

AN ANALYSIS OF THE PROBLEM BASED BY THE FARMERS IN AVAILING FINANCE FROM PACCS

Dr. C. Gunasekarn, Mr. G. Pugalendhi

Abstract :

<p>&nbsp;</p> <p class="MsoNoSpacing" style="text-align:justify;line-height:150%"><span style="font-size:12.0pt;line-height:150%;font-family:&quot;Times New Roman&quot;,&quot;serif&quot;">The Agriculture is the backbone of the Indian economy and it is providing employment for more than 60% of the population directly and indirectly.<span style="mso-spacerun:yes">&nbsp; </span>But in the recent years, the farmers in the agriculture industries have heavily suffered due to inadequate income, unemployment, diversification of their occupations, etc.<span style="mso-spacerun:yes">&nbsp; </span>Due to this effect, the agriculture sector is become unprofitable and it would ultimately affect the Indian economy at a large scale.<span style="mso-spacerun:yes">&nbsp; </span>To regenerate the agriculture industries, the farmers are required productive resources which would be acquired through owned (or) borrowed fund. Agriculture is very important to developing countries like India.<span style="mso-spacerun:yes">&nbsp; </span>Hence, supply of adequate finance for the farmer to do agriculture and their well-being. Though the multi-agency approach has been instrumented by the Government in pouring of agriculture finance, still it is not solving the issues of the small and marginal farmers.<span style="mso-spacerun:yes">&nbsp; </span>The Government sponsored cooperative institutions is talking lead role in giving financial and non-financial supports to the farmers especially through the PACCS.<span style="mso-spacerun:yes">&nbsp; </span>In this context, the researcher is attempting to present the clear picture of the PACCS and its lending performance in the farmers perspective. This paper exhibits and investigates the hidden problem associated with obtaining loan from PACCS which would be worthful.<o:p></o:p></span></p>