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Primary Agricultural Cooperative Societies (PACS)

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.

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