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  • Farmers' Service Societies: Rural Financial Institutions for Credit & Allied Services

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    Tapesh Awasthi
    413 vizualizări7 pagini
    Farmers' Service Societies (FSS) were introduced as rural financial institutions to extend credit and services like modern inputs and commodity marketing, especially to rural poor and weaker sections. FSS aim to improve access to formal credit for these groups and organize resistance to village moneylenders. They operate in larger areas than previous cooperatives to serve more neglected populations. Management boards must reserve two-thirds of positions for weaker sections. FSS were created because multi-purpose cooperatives had not diversified operations like commodity marketing and processing or sufficiently reached weaker sections while remaining financially viable. FSS provide credit, input, marketing and processing services.

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    Farmers' Service Societies (FSS) were introduced as rural financial institutions to extend credit and services like modern inputs and commodity marketing, especially to rural poor and weaker sections. FSS aim to improve access to formal credit for these groups and organize resistance to village moneylenders. They operate in larger areas than previous cooperatives to serve more neglected populations. Management boards must reserve two-thirds of positions for weaker sections. FSS were created because multi-purpose cooperatives had not diversified operations like commodity marketing and processing or sufficiently reached weaker sections while remaining financially viable. FSS provide credit, input, marketing and processing services.

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    © All Rights Reserved
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    413 vizualizări7 pagini

    Farmers' Service Societies: Rural Financial Institutions for Credit & Allied Services

    Încărcat de

    Tapesh Awasthi
    Farmers' Service Societies (FSS) were introduced as rural financial institutions to extend credit and services like modern inputs and commodity marketing, especially to rural poor and weaker sections. FSS aim to improve access to formal credit for these groups and organize resistance to village moneylenders. They operate in larger areas than previous cooperatives to serve more neglected populations. Management boards must reserve two-thirds of positions for weaker sections. FSS were created because multi-purpose cooperatives had not diversified operations like commodity marketing and processing or sufficiently reached weaker sections while remaining financially viable. FSS provide credit, input, marketing and processing services.

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    © All Rights Reserved
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
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    din 7

    FARMERS SERVICE

    SOCIETIES

    FSS

    Rural financial institution(RFI) which is


    introduced for reasons such as extending
    credit integrated with modern inputs and
    commodity
    markets
    related
    services,
    improving rural poor's share in formal credit
    and organizing a force to counter the power of
    village moneylenders.

    A significant development in the matter of


    arrangements for providing credit & allied
    facilities to the economically weaker section
    of the rural community .

    Development of the society at large.

    Well being of their members.

    Area of operation in 10-20 villages instead of 5-8


    villages.
    Membership will be more oriented to the hitherto
    neglected weaker sections of the rural population.

    Management is to be vested with the weaker section


    by reserving two third of the board of management
    for them.

    By early 1970s, it was found that multi-purpose


    PACS had not succeeded much in diversifying
    their
    operations,
    especially
    commodity
    marketing and processing, in reaching the
    weaker sections and in becoming viable. For
    these reasons, among others, the National
    Commission on Agriculture recommended
    introduction of farmers' service societies (FSS).

    SCB

    DCCB

    FSS
    CREDIT
    SERVICES

    INPUT
    SERVICES

    COMMOTDITY
    MARKETING

    COMMODITY
    PROCESSING

    ASHISH CHATURVEDI
    VAINAV SHARMA(2000)
    JANARDAN PRASAD
    TIWARI(1868)

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