In order to strengthen the cooperative sector, the Union Cabinet on Wednesday approved the establishing of a new Primary Agricultural Credit Society (PACS) in two lakh panchayats in the next five years.
As many as 25 different facilities will be provided through the Primary Agricultural Credit Society. Dairy and fisheries will also be linked to the agri cooperatives. “Cabinet approves strengthening the cooperative movement in the country and deepening its reach up to the grassroots. “Target to establish 2 lakh multipurpose PACS, dairy, and fishery cooperatives in the next 5 years,” Union Minister Anurag Thakur said.
He further said that the plan would be implemented through the convergence of various schemes by leveraging the ‘whole of government’ approach.
“Establishment of primary agriculture credit societies in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat, village; and viable fishery cooperatives in each coastal panchayat, the village as well as the panchayat having large water bodies,” he added.
