Chaired by Prime Minister Narendra Modi, the Cabinet decided that the initial target of the programme will be to establish two lakh multipurpose PACS, Dairy and Fishery Cooperatives in the next five years and strengthen existing societies.
Information and Broadcasting Minister Anurag Thakur told newspersons that the programme conceived by Home & Cooperation Minister Amit Shah will provide farmer members with requisite forward and backward linkages to market their produce, enhance their income, obtain credit facilities and other services at village level.
The new cooperatives and societies will be established in villages not served by any of them so far. The action plan for implementation of the project shall be prepared by NABARD, National Dairy Development Board (NDDB) and the National Fishery Development Board (NFDB).
The primary cooperative societies which cannot be revived will be identified for winding up, and new primary cooperative societies will be established in their area of operation.
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