What is PACS?
One of the smallest Cooperative Credit Society organizations in India is the Primary Agricultural Credit Society (PACS). It conducts its operations on the fundamental level in the development of the agriculture sector for the country.
As of 2019, there were more than 95,000 different kinds of Agricultural societies that can be found all over India. All of them are having one purpose – the betterment of the personal and professional lives of the farmers as well as revolutionize the nation’s agricultural sectors in Rural India.
What is PACS Software?
PACS Software in India is for the Primary Agricultural Credit Societies in India. It exclusively assists all kinds of agricultural societies in conducting their overall operations like lending and borrowing, takes loan installments, helping farmers in selling their products, and many more.
How PACS can help for the growth of Agricultural Societies in India?
As we have already mentioned that the PACS software works for the overall management of Agricultural Societies workloads. But, now we will dive deep into the areas and explore how the software can really help.
Loan Operations
The main working area of the PACS is providing loans to the members that are mostly farmers. There can be short-term and long-term loans. PACS Software helps the employees of the society in supervising over the complete loan processes. From Loan applications to underwriting, disbursals, and transfer of the amount to the farmer – all is done through the PACS.
Loan Repayment
Not only just loan operations, but the PACS software also helps the agricultural society in getting loan repayments. Since the loans are given to the people, now it’s time to make the repayments and continue the flow. Since repayment is the most important phase after providing the same, hence it is important to look after the repayment facilities.
Complete Report of Loans
At the end of the day, every business organization needs to evaluate the total work progress. This can be measured with the reports of daily activities like transactions, how much amount of loan was given, and how much has returned as loan repayment.
PACS Software can generate all kinds of business analysis reports in just one click and provide them in front of the company management. The managers of the society can check and evaluate the total work progress of the society and prepare actions for further progress.
Conclusion
Hence we can see that the primary agricultural society software in India can effectively help the Agricultural Societies for their business management. But, we have just touched on some portions of it, the actual effectiveness of the application is much broad. Thus, we can say that the PACS Software in India can definitely help the Primary Agricultural Societies to conduct their operations effectively and guide them to definitive growth.
