Shah: 2 Lakh Primary Agricultural Credit Societies to Be Established in 5 Years

Union Home Minister and Minister of Cooperation Amit Shah inaugurated 10,000 newly established Multipurpose Primary Agricultural Credit Societies (MPACS), along with Dairy and Fisheries Cooperative Societies.

Speaking at the event, Shah stated, “We have set a target of creating 2 lakh Primary Agricultural Credit Societies (PACS) in five years… It will not take five years; we will establish 2 lakh PACS before that. We have already established 10,000 PACS in the last three months.”

Shah detailed that NABARD will set up 22,750 PACS in the first phase and 47,250 in the second phase. Similarly, the National Dairy Development Board (NDDB) will create 56,500 new societies and strengthen 46,500 existing ones, while the National Fisheries Development Board (NFDB) will establish 6,000 fisheries cooperative societies and empower 5,500 existing ones.

Additionally, state cooperative departments will contribute by forming 25,000 PACS.
Shah highlighted that 11,695 new primary cooperative societies have already been registered under the new model bylaws, a significant milestone. He emphasized that achieving the 2 lakh PACS target will facilitate seamless integration of farmers’ produce into global markets through robust forward and backward linkages.