Poket News

Union Cabinet approves computerization of Primary Agriculture Credit Societies

 

  • Information and Broadcasting Minister Anurag Singh Thakur said,  the Cabinet Committee on Economic Affairs has decided that 63,000 functional PACS will be computerized with an overall budget outlay of 2,516 crore rupees. 
  • He said the move will benefit 13 crore farmers.
  • The PACS constitutes the lowest of the three-tier Short-term cooperative credit STCC in the country comprising approximately 13 crore farmers as its members, which is crucial for the development of the rural economy.