Union Cabinet approves establishment of Primary Agricultural Credit Society
New Delhi, February 15: Union Cabinet approved the setting up of new primary Agriculture Credit Society (PACS) in two lakh panchayats in next five years in order to strengthen the cooperative sector.
As many as 25 different facilities to be provided through Primary Agricultural Credit Society.
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Dairy and fishery will also be linked to the agri cooperatives.
While addressing the media, Union Minister Anurag Thakur said, "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, fishery cooperatives in the next 5 years."
He further said that the plan would be implemented with 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 Panchayat having large water bodies," he added.
Further, it has also approved Vibrant Villages Programme, a centrally Sponsored Scheme for the Fiscal Year 2022-23 to 2025-26 with the financial allocation of Rs 4800 crore.
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"It will lead to infrastructure development and livelihood opportunities in four states--Himchal Pradesh, Uttarakhand, Sikkim and Arunachal Pradesh-- and one Union Territory of Jammu and Kashmir and Ladakh along the northern land border. The scheme will help to accelerate the inclusive growth of villages on the northern border. It will improve the quality of life of people and aid in reversing outmigration, adding to improved security," Thakur stated.
- ANI
