Question

Study of structure of PACS was conducted by

• A. Verghese Kurien
• B. Malcom Darling
• C. Dhananjayrao Gadgil
• D. V.K.R.V. Rao

Answer 1

Answer:

B. Malcom Darling

Kissan Credit card [flexi card]

• Implement by NABARD

• Start by PCARDB 2005

• Recommended by R V Guptha Committee -1998

• RBI and NABARD direction issue to commercial bank, RRB and  cooperative bank

• Used for both production and consumption needs

• Farmers can use their credit limit both cash and in kind

• Rate of interest is applicable to crop loan

Note:

• Safest loan in a cooperative society - Gold Loan.

• Study team of structure of PACS - Malcom Darling