Archive · 19 May 2025
Govt Announces Policy for PACS Liquidation and Registration
The government is making a new plan to help agricultural credit groups, called PACS, that are struggling.
They want to quickly close down PACS that aren't doing well and register new ones to take their place.
The goal is to have 2 lakh new PACS by 2029, and they'll be able to try out 22 different types of businesses to earn money.
The government also wants to help cooperatives make things like ice cream and cheese.
They are planning to use every part of the milk production and even the dead animals, to start circular economy model.
The Indian government will introduce a policy for settling liquidated primary agricultural credit societies (PACS).
The policy will facilitate the registration of new PACS to replace those that have ceased operations.
The government aims to establish 2 lakh new PACS by 2029, offering 22 business options for financial stability.
The Union Cooperative Ministry plans to involve cooperative-owned companies in producing items like ice cream and cheese.
The Ministry also aims to implement a circular economy model in the dairy sector.
- Who
- Union Home and Cooperation Minister Amit Shah
- What
- The government will introduce a policy for PACS liquidation and registration, aiming to set up 2 lakh new PACS by 2029.
- When
- Announced on Sunday
- Where
- Ahmedabad, Gujarat
- Why
- To facilitate the quick settlement of struggling primary agricultural credit societies and promote financial stability.
- Event Location
- Ahmedabad, Gujarat
- PACS Goal by 2029
- 2 lakh
- Business Types for PACS
- 22
- Key Speaker
- Union Minister Amit Shah
- Event Occasion
- International Year of Cooperatives
- Cooperation project completion
- 60%
- Increase in cooperative bank deposits
- Rs 11,000 crore