Prime Minister launched Initiatives for Cooperative sector

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Key initiatives includes
- Pilot project for ‘World’s Largest Grain Storage Plan’ in Cooperative Sector: It spans 11 Primary Agricultural Credit Societies (PACS) in 11 States.
  - Project aims to integrate PACS godowns into food grain supply chain, enhancing food security and economic development.
  - It is supported by National Bank for Agriculture and Rural Development (NABARD) and led by National Cooperative Development Corporation.
  - It is implemented through convergence of existing schemes like Agriculture Infrastructure Fund, Agriculture Marketing Infrastructure, etc. to enable PACS participation in project to avail subsidies and interest subvention benefits for infrastructure development.
- Expansion of PACS: Additional 500 PACS across country will facilitate construction of godowns and other agricultural infrastructure.
- Computerization of 18,000 PACS to modernize farming, and empower small and marginal farmers.

Co-operative society
- It is a voluntary association of individuals having common needs who join hands for achievement of common economic interests.
- Among 300 largest cooperative societies of world, three societies of India namely Amul, Indian Farmers Fertiliser Cooperative Limited (IFFCO) and Krishak Bharati Cooperative Limited (KRIBHCO) are included.

Village level cooperative credit societies that serve as last link in three-tier cooperative credit structure headed by State Cooperative Banks.
PACS provide short term and medium term agriculture loans to farmers.

Separate Ministry of Cooperation.
‘Sahkaar se Samriddhi’ scheme.
97th (Amendment) Act, 2011 granted constitutional status to Cooperative Societies.

It inserted Part IX B ‘The Cooperative Societies’, Article 43B in Part IV as Directive Principle of State Policy for promotion of cooperative societies.

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