What's PACS, 10000 Of Which Will Be Inaugurated By HM Amit Shah On Wed

Union Home and Cooperation Minister Amit Shah will inaugurate 10,000 newly formed multipurpose Primary Agriculture Credit Societies (PACS), dairy, and fisheries cooperative societies on Wednesday. This move comes almost nine months after Shah launched the National Cooperative Database in the National Capital in March, aimed at capturing vital information about India's vast cooperative sector. 

What Did Amit Shah Say?

The Minister had then stated that the launch of the database--an important initiative by the Ministry of Cooperation to fulfill Prime Minister Narendra Modi 's vision of "Sahakar se Samriddhi"--would "speed up the cooperative sector." Under the initiative, the Ministry of Cooperation recognized the imperative need for a robust database to capture critical information about India's cooperative sector.

The launch of the National Cooperative Database (NCD) was a milestone in the cooperative sector. The growth of cooperatives in rural areas holds the promise of addressing economic, social, and community challenges, empowering individuals, alleviating poverty, and contributing to the overall well-being of rural communities.

Data Collection For Cooperatives

The data of cooperatives was collected for the National Cooperative Database in a phased manner from various stakeholders. In the first phase, the mapping of about 2.64 lakh primary cooperative societies in three sectors--Primary Agriculture Credit Societies (PACS), Dairy, and Fisheries--was completed.

In the second phase, data from various National Federations, State Federations, State Cooperative Banks (StCB), District Central Cooperative Banks (DCCBs), Urban Cooperative Banks (UCBs), State Cooperative Agriculture and Rural Development Banks (SCARDB), Primary Cooperative Agriculture and Rural Development Banks (PCARDB), Sugar Cooperative Mills, District Unions, and Multi-State Cooperative Societies (MSCS) were collected and mapped.

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(ANI Inputs)