I Fiance Apicultural

53
PACS) was established ill March 1959. AK PACS serves four villages, MI)
PACS seven villages. Fach has a full-time paid secretal , who is assisted
by a junior staff member. Ilowever, these personlel a;e siipervised by
an elected umaiaging committee that is distinctly superior in the AK
PACS. Both PACS arc vertically aligned with i te District C'-rltral
Coo)erative Bank, which itself is a constituent of a state-lvel coop­
erative bank.
Based on cTiteria taking into accotll the niultiinrclional role, lhe
impact oi lh mlibels, and tilt, institution, the AK PACS was iore
successful than ilhe MI) PACS. hle AK PACS reached a larger propotion
of"rual liouiselolds (63 percent versus 56 percent fo ir einl.-ship,
and ,18 versus 36 percelnt Ib borrowing inembersll). t had a larger
share of deposits to loauiable resources (13 versiis 0 j)erl'celt); and a
larger share-of loaiable res rices in ttrell l it cs (a debl-c'lity ratio
of 88:1 -1 versus 78:22). It loaned a larger aciage ;111o01l11lwpiie iiber
(Rs 9,237 versus Rs 2,535 in outstanding loans, and Rs 10,361 versus Rs
1,1;16 in new loans made), bot0h ilshol I-and long-te'rn loans (a ratio of
60:10 verss 78:22), and t higher sharc of' loans iii kind iii short-ternu
loans (68 versus 6(t l)(( ('cnl). It had a laigel of (l&mnonfinancial
operations (Rs 1,011 -versus Rs 618) nid higher c(mtiltration on Ilose
opelations (such as illpill distiilrutioii), 17which provided greater rVViriie-