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Role of P.A.C.S in financial inclusion and controlling price inflation of commodities

Author Affiliations

  • 1 MBA Banking Technology, Pondicherry Central University, INDIA

Res. J. Management Sci., Volume 3, Issue (10), Pages 1-4, October,6 (2014)

Abstract

Access to the financial services with income, education, health and home is desirable for nationís wellbeing. Also the stablestrong financial system of an economy result of the inclusion of the each citizens of that country. Our economy is known to bthe fastest growing emerging economies in the world. One of the biggest challenge our financial system facing is the financiainclusion. Many policies and initiatives has been taken over a period of time by RBI, banks etc., but net result is not impreStill more than 40 % of the household does not have a bank account. The main challenge is that the Indian population is presein a segment. To include these segments to our financial system Primary agricultural credit societies (P.A.C.S) can play a significant role. Further the research result suggesting that this P.A.C.S ishelpful to control commodity prices inflation also

References

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  6. Primary agricultural credit societies, accessed on 12thAugust, 2014 from NABARD site https://www.nabard.org /English/dept_pacs.aspx, (2014)