On Wednesday (25 December), Amit Shah, the Union Cooperation Minister, launched 10,000 new multi-purpose Primary Agricultural Cooperative Societies (PACS). He stated that the government is on a mission to establish 2 lakh of these societies within the coming five years.

Shah also released standard operating procedures (SOP) for the liquidation of defunct PACS, which will enable the setting up of new societies in 15,000 villages. Under current norms, a second PACS cannot be established in villages where one already exists unless declared defunct.

With a target of 2 lakh cooperatives, the government aims to empower rural India through enhanced financial inclusion and modernized agricultural support systems. The initiative will also create new opportunities for farmers,

Cooperation Minister Amit Shah launched 10,000 new PACS, aiming to establish 2 lakh such societies ahead of the five-year target. The initiative involves NABARD, NDDB, and NFDB creating numerous new cooperatives across the country.