Co-operatives continue to be the single most important institutions, which touch the life of villagers and rural farmers, most. While there are around 15400 branches of RRBs, there are about 95000 Primary Agricultural Credit Societies (PACS). Besides delivering credit to farmers, PACS also serve as outlets for distribution of agriculture inputs and food and other essential items to the villagers.
Thus, PACS are in a far better position to further financial inclusion agenda than any other institution. There is, therefore, a compelling need to find ways for strengthening the cooperative movement and making it a well-managed and vibrant medium to serve the credit needs of rural India. 3.