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 ....
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