Haryana

Primary Agricultural Credit Societies (PACS) of Haryana will now function as Multi-Service Centres

Primary Agricultural Credit Societies (PACS) of Haryana will now function as Multi-Service Centres
Dr Banwari Lal

Chandigarh: Haryana Cooperation Minister, Dr Banwari Lal said that the Primary Agricultural Credit Societies (PACS) of Haryana will now function as Multi-Service Centres. The NABARD Regional Office, Haryana has started a programme for this purpose.   Dr. Banwari Lal said this while presiding over a meeting of officials of NABARD, Regional Office, Haryana here today.

On this occasion, he also presented an in-principle approval letter to the Managing Director of Haryana State Cooperative Bank for converting 95 Primary Agricultural Credit Societies into Multi-Service Centres.

Dr. Banwari Lal said that under this scheme, PACS would develop modern agricultural infrastructure by setting up projects like warehousing and cold storage chains in rural areas.   He said that agro-based industries would be developed around the villages through which agricultural produce would be sold in cities by adding the value of primary processing so that rural and urban areas could get the benefit of the same.

The Cooperation Minister said that the loan to be provided under this scheme would be integrated with the Agricultural Infrastructure Fund (AIF) and would be made available at an interest rate of only one per cent. He said that efforts would be made to include more committees under the programme in the coming years.

He said that Prime Minister, Narendra Modi today inaugurated the Agriculture Infrastructure Fund (AIF) programme under his vision of ‘Atmnirbhar Baharat’. He said that realizing the need of making necessary arrangements for the welfare of the farmers and making them self-reliant, the Central Government has set up Rupees one lakh crore Agricultural Infrastructure Fund to promote infrastructure and investment in the Agricultural sector.

Earlier, Chief General Manager of NABARD, Rajiv Mahajan threw light on various aspects of this programme.

Among those present on this occasion included Registrar of Haryana Cooperative Societies, Mani Ram Sharma, General Manager of NABARD, Rajiv Mahajan, Managing Director of HARCO Bank, Manoj Bansal, and other senior officers of leading banks.

By YS.Rana:

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