PRIMARY AGRICULTURAL COOPERATIVE SOCIETIES (PACS)

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• He said, the sick and defunct PACS should be revived or taken for liquidation.
• Mr 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, Mr Shah called for strengthening of the PACS by diversifying them into various other activities.
• Mr 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.