Cooperation Minister: PACS in every panchayat by 2029; 57 initiatives in International Year of Cooperatives
Union Cooperation Minister Amit Shah, addressing a cooperative Maha Sammelan in Ahmedabad on 18 May 2025, said a PACS will be set up in every panchayat by 2029 and about 57 initiatives have been taken in the International Year of Cooperatives 2025.
Summary
Union Minister of Cooperation Amit Shah addressed a Maha Sammelan on the 'Role of Cooperation in Building Viksit Bharat' in Ahmedabad, Gujarat on 18 May 2025. Noting that the United Nations is observing 2025 as the International Year of Cooperatives, he said the Government is emphasising the 'Science of Cooperation' and 'Science in Cooperation', that about 57 initiatives have been taken by the Ministry of Cooperation so far, and that a Primary Agricultural Credit Society (PACS) will be established in every panchayat by 2029. He said a policy will soon be introduced for settling PACS under liquidation and creating new PACS, and called for 'Cooperation amongst Cooperatives' at the primary level.
Key facts
- Event
- Cooperative Maha Sammelan, Ahmedabad, 18 May 2025
- UN year
- 2025 — International Year of Cooperatives
- Target
- A PACS in every panchayat by 2029
- Initiatives
- About 57 by the Ministry of Cooperation
- Coming
- Policy on PACS under liquidation and new PACS
Practice MCQs 3 questions
As stated by the Union Minister of Cooperation in May 2025, a Primary Agricultural Credit Society (PACS) will be established in every panchayat by which year?
Show answer
Correct answer: C — 2029
Amit Shah said the Government will establish a PACS in every panchayat across the country by 2029.
The United Nations is observing 2025 as the International Year of what?
Show answer
Correct answer: A — Cooperatives
The UN is observing 2025 as the International Year of Cooperatives (IYC 2025).
According to the Union Minister of Cooperation (May 2025), about how many initiatives have been taken by the Ministry of Cooperation so far?
Show answer
Correct answer: D — 57
Amit Shah said about 57 initiatives of various types have been taken so far by the Ministry of Cooperation.