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Union Cooperation Minister Amit Shah Friday said that the Centre has decided to ensure formation of Primary Agricultural Credit Societies (PACS) in every village by 2027.
Addressing an event, Shah said the Centre has introduced 20 new activities to be associated with PACS, enabling them to generate profits. The computerization of PACS has opened up many possibilities for their development, he said. Shah launched the National Cooperative Database and released the ‘National Cooperative Database 2023: A Report’. The database aims to identify and address the gaps through a comprehensive analysis.
He said the work on the National Cooperative Database has been carried out in 3 phases. In the first phase, mapping of approximately 2.64 lakh societies in three sectors, namely Primary Agricultural Credit Societies, Dairy, and Fisheries, was completed, he said. In the second, data from various National Federations, State Federations, State Cooperative Banks (StCB), District Central Cooperative Banks (DCCB), Urban Cooperative Banks (UCB), State Cooperative Agriculture and Rural Development Banks (SCARDB), Primary Agricultural and Rural Development Banks (PCARDB), cooperative sugar mills, district unions, and multi-state cooperative societies (MSCS) were collected/mapped, he said.
In the third, data mapping of all remaining 8 lakh primary cooperative societies in other sectors was carried out, he said.
After this, it was revealed there are over 8 lakh registered societies in the country, which are connected to over 30 crore citizens, he said.
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