A comprehensive stakeholder consultation on the theme “Development of Cooperative Sector: Empowering Primary Agricultural Credit Societies (PACS) for Self-Sufficiency” was held yesterday in New Delhi, bringing together key players from various sectors to discuss strengthening of cooperative societies in the country. The Secretary, Ministry of Cooperation, Dr Ashish Kumar Bhutani was present as chairman of the day-long stakeholders consultation sessions. Stakeholders from all across the country including Chairpersons and MDs of various National Federations including National Bank for Agriculture and Rural Development (NABARD) were present while more than 200 other stakeholders from across the country participated virtually.
Speaking on the occasion, Secretary, Ministry of Cooperation, Dr Ashish Kumar Bhutani said that in accordance with Prime Minister Narendra Modi’s vision of ‘Sahkar Se Samriddhi’, the Ministry will complete the digitization process of all PACS in the country by the end of this year or January 2025. He added that the focus on creating 2 Lakh new multi-purpose PACS is with the vision to cover more and more uncovered and under covered areas of the country.
Under the guidance of Union Home Minister and Minister of Cooperation Amit Shah, Ministry of Cooperation envisages to establish viable cooperatives in every Panchayat with a focus to develop 2 Lakh new PACS as dairy, and fishery cooperatives within next five years.
Union Cooperation Secretary Dr. Bhutani said that the Ministry is geared up to procure maize at Minimum Support Price (MSP) as promised by Union Minister of Cooperation Amit Shah. He urged all maize farmers to register themselves on Farmers’ portal for procurement by National Cooperative Consumer Federation (NCCF) and National Agricultural Cooperative Marketing Federation of India (NAFED) under Ethanol Blending Programme. He added that this will be beneficial for both farmers and Ethanol Blending Program. Union Home Minister and Minister of Cooperation Amit Shah recently announced the revised targets of 20 per cent Ethanol blending in petroleum and diesel and curtailed its earlier timeline for achieving it from 2030 to 2025-26.
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