Agencies of agricultural finance in India

By: Raghvendra and Priyanka

Introduction
Pioneers were the co-operatives. Nationalization of commercial banks in1967.

Co-operative finance
Co-operation History

State co-operative bank(SCB)

At state level Link between RBI and PACS Functions

District central co-operative bank

Link between SCB and PACS Undertake banking Functions

Primary agricultural co-operative credit societies (PACS)

Co-operative societies act 1904 At village level Functions

Central land development bank (CLDB)

An apex bank Relation to NABARD Functions

Primary Land Development Banks (PLDBS)

Land mortgage bank At taluk level
Function

Single window system

Committee under Mohan Kanda A three-tire structure
PACS under single window system

Large sized adivasi multipurpose co-operative societies (LAMPS)

Membership and area of operation Sources of capital
Management of LAMPS

FARMERS SERVICE SOCIETY (FSS)

Area of operation
Sponsorship Capital structure Management

Social structure and nationalization of banks

19 July 1969 Objectives
15 April 1980

Regional rural banks (RRBs)

Objectives Features

Higher financing agencies

World bank Reserve bank of India
Agricultural refinance and development corporation (ARDC)

NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT (NABARD)

Objectives Functions
Sources of funds

Agricultural finance corporation (AFC)

Financing role Promotional role

Thank You