Shah felt that the co-op sector in the country cannot be strengthened until PACS are revitalized. He said that the Government led by Prime Minister Shri Narendra Modi has decided to computerize the country’s 63,000 PACS and along with this, the new model bylaws of PACS have been prepared and sent to the states, in which provision has been made to make PACS multi-purpose.
He said the recent Cabinet has agreed to make Multidimensional PACS in every Panchayat and now 2 lakh new PACS will be made in India in 3 years, after which PACS will be available in every Panchayat of the country.
Listing the co-op sector’s contributions to the economy, Shah informed its share in various fields such as fertilizer, rural credit, sugar etc. In his address, the Union Cooperation Minister said that the Government under the leadership of Prime Minister Shri Narendra Modi will make every possible effort to solve the problems of the cooperative sector.
Shah also listed recent developments such as PACS being given the task of CSC (Common Service Center) and Co-op being given to procure and sell through the GeM portal. He said that to give a strong base to this entire process, a cooperative policy will have to be formulated and for this a committee has been formed which will prepare the draft cooperative policy in a short span of time. He said that the new cooperative policy will decide the direction of cooperatives in the country for the next 20 years.
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