Full formBanking & Finance
PASstands forPrimary Agricultural Credit Society
Full Form of PAS
What is PAS?
A Primary Agricultural Credit Society (PAS) is the foundational unit of the cooperative credit structure in rural India. It operates at the village or panchayat level to provide short-term and medium-term loans to farmers for agricultural inputs such as seeds, fertilisers, and equipment. PASs are also involved in distributing subsidies, disbursing government schemes like Kisan Credit Cards, and promoting savings habits among rural households. These societies are registered under the Cooperative Societies Act and are typically managed by an elected board of local members. The PAS network is crucial for financial inclusion in India, serving as the last-mile link between formal banking institutions and small/marginal farmers. In the context of Indian banking exams, understanding the role and structure of PAS is essential for aspirants targeting positions in NABARD, State Cooperative Banks, or RRBs. The PAS is often discussed alongside its umbrella organisation, the District Central Cooperative Bank (DCCB), and the State Cooperative Bank (SCB). Despite challenges like overdues and political interference, PASs remain a vital instrument for rural credit delivery, especially in states like Maharashtra, Gujarat, and Uttar Pradesh.
PAS का फुल फॉर्म
प्राथमिक कृषि ऋण समिति
Example
The farmer approached his local PAS to avail a timely crop loan for the upcoming kharif season.
PAS — frequently asked questions
What is the full form of PAS?
The full form of PAS is Primary Agricultural Credit Society. It is a village-level cooperative society that provides credit and other services to farmers in India.
How is PAS different from PACS?
PAS and PACS (Primary Agricultural Credit Society) are often used interchangeably. Both refer to the same grassroots cooperative institution that provides agricultural loans in rural India.
Why is PAS important for Indian banking exams?
PAS is a key topic in banking and agriculture exams like NABARD Grade A/B and State Cooperative Bank exams. Questions often cover its structure, functions, and role in the cooperative credit system.