FINANCIAL PERFORMANCE OF THE HISAR DISTRICT CENTRAL CO-OPERATIVE BANK

PRAMENDRA¹*, J.C. KARWASRA², RAJU KUMAWAT³, VINAY MEHLA^4
1Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, 125004, Haryana
²Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, 125004, Haryana
³Department of Agricultural Economics, Swami Keshwanand Rajasthan Agricultural University, Bikaner, 334006, Rajasthan
⁴Department of Agricultural Economics, CCS Haryana Agricultural University, Hisar, 125004, Haryana
* Corresponding Author : mrpramendra87@gmail.com

Received : 15-12-2016     Accepted : 02-01-2017     Published : 06-01-2017
Volume : 9     Issue : 1       Pages : 3610 - 3613
Int J Agr Sci 9.1 (2017):3610-3613

Keywords : Financial Performance loan disbursement, Utilization, Repayment of DCCBs
Academic Editor : Naveen Kumar V M
Conflict of Interest : None declared
Acknowledgements/Funding : I owe my deepest gratitude to Indian Council of Agriculture Research for providing the necessary facilities and support for research work
Author Contribution : None declared

The objectives of present study were to examine the financial performance of The Hisar District Central Co-operative Bank, Results revealed that the number of membership, borrowings, working capital, over dues and loan advanced, of the DCCBs has increased over the study period. The amount of share capital has increased over the study period. The share of owned funds to total working capital was very small in proportion. The DCCBs is highly dependent on borrowed funds from higher financial institutions for undertaking various credit and service activities. The major proportions of loans were given to minor irrigation purpose, which ranges from 19.34 to 56.09 percent. The amount of over dues and number of defaulters has increased because of the loan waiver scheme. Farmers preferred loan in the form of cash than in kind so as to spend it according to their own requirements. Poor financial position and urgent need compelled the farmers to divert some portion of their loan for some other unspecified purposes. The farmers do not intend to make repayment hoping to get interest or part of principal amount remitted on account of political promises.