Currently, there are 63,000 PACS in the country and the Centre has a target to scale them up to 3 lakh by 2025.
The Cabinet on Wednesday approved a grant of over Rs 2,516 crore for computerisation of around 63,000 Primary Agriculture Cooperative Societies (PACS). According to top officials, this is part of a gamut of measures that the government intends to take to make PACS economically viable.
The measures also include preparing a set of model bylaws for states to run and manage PACS.
The model bylaws will enable PACS to offer a host of economic activities other than credit. This includes developing cold-storage facilities in villages, running PDS shops and providing locker facilities for rural depositors.
First Published: Jun 29 2022 | 9:28 PM IST