Computerization of Primary Agricultural Credit Societies

In the Union Budget 2023-2024, Union Government has announced Rs 2,516 crore for computerisation of 63,000 Primary Agricultural Credit Societies (PACS) over the next five years.

  • It aims to bring greater transparency and accountability in their operations and enabling them to diversify their business and undertaking more activities.

About PACS

  • PACS is a basic unit and smallest co-operative credit institutions in India.
  • It serves as the last link in a three-tier cooperative credit structure headed by the State Cooperative Banks (SCB) at the state level.
  • The short-term co-operative credit structure operates with a three-tier system - Primary Agricultural Credit Societies (PACS) at the ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content
Buy April 2023 Issue

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material before the last six months of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Related Content

Economy Watch