An empirical analysis of impact of PACS on socio economic development of the stakeholders by using data envelopment analysis (DEA)
Biman Maity, Dr. Dipankar Dey
This study has analyzed a number of factors those influence the performance of District wise Primary Agriculture Credit Society (PACS) in West Bengal and also identified various socio economic parameter to address the impact PACS to overall socio economic development of their stakeholder in the rural Bengal. In order to find out the impact of PACS on socio economic development of their stakeholder, a research model Data Envelopment Analysis (DEA) is used to test whether the following parameters are helped to improve the performance of PACS and what policy should be taken by the authority in order to do it. The survey questionnaire was designed to understand the perception of the stakeholder about the performance and socio economic impact of PACS at this point of time. Through the DEA, we identify the rank of benchmark district that are the best performer in West Bengal and also identify different policies to achieved efficiency frontier of inefficiency (DMU) district in West Bengal. On the basis of DEA analysis it is observed that the performance of PACS of Bardhaman district is the best performer among 18 districts in West Bengal in terms of their contribution to socio economic improvement of the stakeholders as well as to the growth of the third sector in the district. The inefficient districts like Purulia should create an environment for both the PACS and Self Help Group (SHG), to improve their work culture to increase their performance in near future.