BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Primary Agricultural Credit Sector
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Primary Agricultural Credit Service
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Primary Agricultural Credit Societies
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Primary Agricultural Credit Scheme
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Detailed explanation-1: -Primary Agricultural Credit Societies (PACS), being registered cooperative societies, have been providing credit and other services to their members. PACS generally.
Detailed explanation-2: -The short-term co-operative credit structure operates with a three-tier system-Primary Agricultural Credit Societies (PACS) at the village level, Central Cooperative Banks (CCBs) at the district level and State Cooperative Banks (StCBs) at the State level.
Detailed explanation-3: -PACS are village level cooperative credit societies that serve as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level. Credit from the SCBs is transferred to the district central cooperative banks, or DCCBs, that operate at the district level.
Detailed explanation-4: -PACS is the ground-level co-operative society that helps on credit to the farmers for the various agricultural and farming activities by providing agricultural, short-term, and medium-term purpose loan requirements to its members. It majorly focuses on gram panchayats and village-level farmers.