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Stream/Area:
-
Subject:
-
Paper ID:
IJSREM2423
Volume:
3 |
12 |
Dec 2019
Pages:
1-5
Publication Frequency:
Monthly (12 issues per year)
License:International Journal of Scientific Research in Engineering and Management follows the Creative Commons Attribution 4.0 (CC BY 4.0) License, allowing free use and distribution with proper attribution.
Cooperation
Gandhigram Rural Institute, Gandhigram
A cooperative society is organized by its members, managed by them and the services are used by them. Primary Agricultural Cooperative Credit Societies (PACCS) are functioning at the grassroots level to fulfill the financial needs of its members. They extend a variety of loans to its members from the funds generated in the form of share capital contributed by its members, deposits collected and loan from its federation viz., district central cooperative bank. The effectiveness in managing the affairs of the PACCS purely depends on the extent of loan and more particularly in the recovery of loan extended to its members. Ammaiyanayakkanur Primary Agricultural Cooperative Credit Society (society) functioning in Dindigul District, Tamilnadu is purposively selected for the study. The study is undertaken mainly to understand the recovery performance of the society. The data pertaining to the society is for six years starting from 2012-13 to 2017-18. Descriptive statistical tools are used to have a meaningful inferences from the study. The study revealed that the recovery performance is ranged between 91 per cent and 99 per cent with an average of 96 per cent during the study period. The reasons cited for such a recovery performance are maintaining cordial relationship by the employees with the borrowers, frequent visits of the employees to the borrowers, peer pressure of the borrowers in repaying the loan amount.
KEYWORDS
Since the recovery performance of the society is not steady growing during the period under study, the following measures to be adopted for achieving a steady growth in recovery. The members are loyal to their society in repaying except during crops affected due to natural calamity. Frequent visit by the employees to the members especially in their field and harness their loyalty in repayment. Members repay mostly by the peer pressure. The employees of the society make use of such peer pressure found among the members by why of encouraging the members who promptly repay their loan to advice, influence, guide other members to repay in time. Special campaign to motivate the members to repay the loan especially during the harvest time may be organized. The society may make arrangements for getting proper price for the members agricultural production by linking them to the marketing cooperative society and sale of goods in the nearby market in the name of the society to avoid unnecessary influence intermediaries in fixing the prices.
Since the recovery performance of the society is not steady growing during the period under study, the following measures to be adopted for achieving a steady growth in recovery. The members are loyal to their society in repaying except during crops affected due to natural calamity. Frequent visit by the employees to the members especially in their field and harness their loyalty in repayment. Members repay mostly by the peer pressure. The employees of the society make use of such peer pressure found among the members by why of encouraging the members who promptly repay their loan to advice, influence, guide other members to repay in time. Special campaign to motivate the members to repay the loan especially during the harvest time may be organized. The society may make arrangements for getting proper price for the members agricultural production by linking them to the marketing cooperative society and sale of goods in the nearby market in the name of the society to avoid unnecessary influence intermediaries in fixing the prices.
Publication Date
12/29/2019
Peer Review Type
Double-Blind Peer Review
Review Rounds: 2
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Conflict of Interest
The authors declare no conflict of interest related to this research work.
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