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Financial Inclusion Drive by PACSs in Alappuzha, Kerala
This paper highlights the role of Primary Agricultural Credit Societies (PACSs) as a financial intermediary to free the rural poor from the financial morass of perennial indebtedness to the local money lenders. According to the FinScope survey, the main reasons for using informal financial services...
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| Format: | Printed Book |
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Commerce Spectrum
2014
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| Online Access: | http://10.26.1.76/ks/005900pdf |
| LEADER | 01744nam a22001457a 4500 | ||
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| 100 | |a Sr. Usha A.A and B. Johnson |9 35342 | ||
| 245 | |a Financial Inclusion Drive by PACSs in Alappuzha, Kerala | ||
| 260 | |b Commerce Spectrum |c 2014 | ||
| 300 | |a p. 52-63 |b Volume 2 Number 2 December 2014 | ||
| 520 | |a This paper highlights the role of Primary Agricultural Credit Societies (PACSs) as a financial intermediary to free the rural poor from the financial morass of perennial indebtedness to the local money lenders. According to the FinScope survey, the main reasons for using informal financial services are affordability, accessibility and customer eligibility. It may be right to point out that these reasons be aggregated and renamed as financial inclusion. PACS still remains true to its original vision and mission in spite of the flaws like low mobilisation of savings, high risk portfolios and lack of professional governance. The researchers aim at measuring the extent of financial service penetration by PACSs in Alappuzha by developing a Financial Inclusion Index modelled after the robust standard measures like CRISIL-Inclusix. The FII comprised of three dimensions namely PACSs penetration, Credit penetration, and Deposit Penetration. The financial inclusion achieved by PACSs is 24% on a scale of 100. Obviously, it is low but is the contribution by a single partner PACS besides the Scheduled commercial banks and Regional Rural Banks. The study has also revealed that all three dimensions equally contribute to the FII. | ||
| 650 | |a PRIMARY AGRICULTURAL CREDIT SOCIETIES |9 35343 | ||
| 856 | |u http://10.26.1.76/ks/005900pdf | ||
| 942 | |c KS | ||
| 999 | |c 86950 |d 86950 | ||
| 952 | |0 0 |1 0 |4 0 |7 0 |9 79284 |a MGUL |b MGUL |d 2016-06-25 |l 0 |r 2016-06-25 |w 2016-06-25 |y KS | ||