Union Home and Cooperation Minister Amit Shah on Tuesday informed the Lok Sabha that no concerns have been flagged regarding the Credit-to-Deposit (CD) ratio of Primary Agricultural Credit Societies (PACS) in Kerala.
Citing inputs from NABARD and the Registrar of Cooperative Societies in Kerala, Shah said PACS in the state recorded a total deposit base of Rs 1.31 lakh crore and loan outstanding of Rs 1.03 lakh crore as on March 31, 2024. This translates into a CD ratio of 78.6%.
He noted that the CD ratio of PACS in Kerala is higher than the average CD ratio of all banks in the state, which stood at 73% during the same period.
On monitoring and reforms, Shah said a structured multi-tier framework is in place to oversee cooperative sector initiatives, including PACS computerisation. He added that 44,794 PACS across the country are currently operating on ePACS software, with numbers steadily increasing.