Amit Shah inaugurates 10,000 new M-PACS, dairy and fisheries cooperatives
Union Cooperation Minister Amit Shah inaugurated 10,000 newly established Multipurpose Primary Agricultural Credit Societies, along with dairy and fisheries cooperatives, in New Delhi on 25 December 2024.
Summary
Union Home and Cooperation Minister Amit Shah inaugurated 10,000 newly established Multipurpose Primary Agricultural Credit Societies (M-PACS), along with dairy and fisheries cooperative societies, in New Delhi on 25 December 2024, coinciding with the birth centenary of Atal Bihari Vajpayee. According to the Ministry of Cooperation, the 10,000 PACS were registered within 86 days of a standard operating procedure issued on 19 September 2024, with NABARD, NDDB and NFDB playing key roles. The government aims to set up 2 lakh new PACS in five years. PACS will also join three new national-level cooperatives, NCOL, BBSSL and NCEL, to work on organic products, seed production and exports.
Key facts
- Event
- Inauguration of 10,000 new M-PACS, dairy and fisheries cooperatives, New Delhi, 25 December 2024
- Inaugurated by
- Amit Shah, Union Minister of Home Affairs and Cooperation
- Speed
- Registered within 86 days of the SOP of 19 September 2024
- Facilitators
- NABARD, NDDB, NFDB
- Target
- 2 lakh new PACS in five years
- National cooperatives
- NCOL, BBSSL, NCEL (organic products, seeds, exports)
- Motto
- Sahkar Se Samriddhi
Practice MCQs 3 questions
How many newly established M-PACS did Amit Shah inaugurate in New Delhi on 25 December 2024?
Show answer
Correct answer: B — 10,000
PIB (Ministry of Cooperation): Amit Shah inaugurated 10,000 newly established M-PACS, along with dairy and fisheries cooperative societies; 2 lakh is the five-year target for new PACS.
Within how many days of the SOP issued on 19 September 2024 was the registration of 10,000 PACS completed?
Show answer
Correct answer: D — 86 days
PIB (Ministry of Cooperation): an SOP was established on 19 September 2024, and within 86 days the registration of 10,000 PACS was completed.
Which three new national-level cooperatives will PACS join to work on organic products, seed production and exports, as stated on 25 December 2024?
Show answer
Correct answer: C — NCOL, BBSSL and NCEL
PIB (Ministry of Cooperation): the three new national-level cooperatives NCOL, BBSSL and NCEL will open opportunities for farmers in organic products, seeds and exports; NDDB, NFDB and NABARD helped register the PACS.