NABARD accords sanction for Transformation of PACS as MSCs

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NABARD accords sanction for Transformation of PACS as MSCs

NABARD ,PACS as MSCs

Sh Sukhjinder Singh Randhawa, Minister of Cooperation, Government of Punjab held a meeting of Department of Cooperation to discuss issues related to Cooperatives in the State. The meeting was attended by Smt. Kalpana Mittal Baruah, IAS, Special Chief Secretary, Cooperation, Shri Vikas Garg, IAS, RCS, Smt. Hargunjit Kaur, IAS, Managing Director, PStCB. NABARD team was led by Dr. Rajiv Siwach, Chief General Manager, Punjab Regional Office.

NABARD , PACS as MSCs

The detailed deliberations were held on PACS as Multi Service Centre scheme of NABARD, convergence with activities under Agriculture Infrastructure Fund launched by the Hon’ble Prime Minister, computerisation of PACS, merger of DCCBs into PStCB, issue of KCC to farmers engaged in animal husbandry and fisheries activities, etc. CGM NABARD informed that the special refinance facility for transformation of Primary Agriculture Society (PACS) as Multi-Service Centre (MSC) is available with SCBs with refinance @ 3% RoI for meeting the credit plus requirements of the members which will enable them to diversify their business. The grant support for computerisation of PACS was also apprised.

NABARD accords sanction for Transformation of PACS as MSCs

The Hon’ble Minister handed over the in-principal sanction for ‘Transformation of Primary Agriculture Cooperative Societies (PACS) as Multi Service Centre (MSC)’ for creating Agri-infrastructure at farm gate involving 60 identified PACS sanction letter to MD, PStCB during the meeting.

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