Primary Agricultural Cooperative Societies (PACS):
Union Home and Cooperation Minister Amit Shah has said that the government will bring model by-laws to govern all Primary Agricultural Cooperative Societies (PACS) in the country.
- He said, the sick and defunct PACS should be revived or taken for liquidation.
- Amit Shah was addressing a national conference on rural cooperative banks organised by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB) at Vignan Bhavan in New Delhi.
- Describing the PACS as pillars of the cooperative movement, Amit Shah called for strengthening of the PACS by diversifying them into various other activities.
- Amit Shah stressed the need to establish more than 2 lakh new PACS across the country to achieve the target of providing agri-finance worth 10 lakh crore rupees through cooperatives.