In a move to strengthen Indian cooperatives, the Union Cabinet on Wednesday approved a plan to set up 200,000 Primary Agriculture Cooperative Societies (PACS), dairy and fishery cooperatives in all the uncovered villages and panchayats over the next five years.
At present, there are around 63,000 functional PACS in the country. A viable PACS will be set up in all the uncovered panchayats in the country, a viable dairy cooperative in each uncovered panchayat, or village, and a viable fishery cooperative in each coastal panchayat or village, or panchayats, or villages with large water bodies, an official statement said.
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