Current Affairs Exam

Centre to set up 2L farm credit societies, dairy-fishery co-ops

Aiming to achieve the goal of Sahakar-se-Samriddhi through the https://exam.pscnotes.com/inclusive-Growth“>Inclusive Growth model of cooperatives which are presently unevenly distributed in the country, the Union Cabinet approved setting up of 2 lakh Primary Agriculture-notes-for-state-psc-exams”>Agriculture Credit Societies (PACS) and Dairy-fishery cooperatives in uncovered villages and panchayats over the next five years.

The plan will be implemented with the convergence of various schemes by leveraging the whole of government approach. The proposal will enable Cooperative Societies to set up and modernise necessary Infrastructure.

At present, there are around 63,000 functional PACS in the country while primary dairy cooperative societies are around 1,99,182 having around 1.5 crore members who are engaged in procurement of milk from the farmers, providing milk testing facilities, cattle feed sale, extension Services, etc. to the members.

Similarly, primary fishery cooperative societies are around 25,297 in number having around 38 lakh members. These cater to one of the most marginalized sections of the Society, providing them Marketing facilities, assisting in procuring fishing equipment, fish seed and feed, and also providing credit facilities to the members on a limited scale.

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