Transformative Milestone: HM Amit Shah Triumphantly Launches 10,000 New PACS, Dairy & Fisheries Cooperatives in New Delhi

In a noteworthy stride towards bolstering rural economies, Union Minister of Cooperation Amit Shah is set to inaugurate over 10,000 newly established multipurpose primary agricultural cooperative societies, dairy, and fisheries cooperatives in New Delhi. Scheduled for tomorrow, this pivotal event will witness the distribution of registration certificates, RuPay Kisan Credit Cards, and micro ATMs to these nascent cooperative entities during a national conference dedicated to the cooperative sector.

These financial tools are strategically designed to enhance credit access at the panchayat level, fostering financial inclusion and enabling rural communities to leverage various developmental schemes. By integrating these cooperatives, the initiative aims to empower the rural populace, facilitating their active participation in India’s economic progress.

The creation of new multipurpose Primary Agricultural Cooperative Societies (PACS) is anticipated to significantly propel the growth of cooperative institutions in rural jurisdictions. Encompassing credit societies, dairy cooperatives, and fisheries cooperatives, these entities will extend beyond mere financial service provision. They are envisioned as collaborative platforms where rural communities can unite towards common economic and social goals.

This initiative aligns with Prime Minister Narendra Modi’s vision of ‘Sehkar Se Samriddhi’ (Prosperity through Cooperation). Under Mr. Shah’s leadership, a strategic objective has been set to establish a cooperative institution in every panchayat nationwide within the next five years. The forthcoming conference will not only celebrate the inauguration but also serve as a constructive forum to deliberate on strategies enhancing the operational capacities and the effectiveness of these newly formed cooperative societies.

In essence, this monumental effort underscores the government’s commitment to fostering cooperative growth as a cornerstone for rural advancement and inclusivity, paving the way for a robust cooperative network that can significantly contribute to the nation’s economic landscape.

Original Source: https://www.newsonair.gov.in/hm-amit-shah-to-inaugurate-10000-new-pacs-dairy-fisheries-cooperative-societies-in-new-delhi-to-strengthen-rural-economy/
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Publish Date: 2024-12-24 18:09:00