06-09-2023 02:12 PM | Source: Accord Fintech
Primary agricultural credit societies to be brought under ambit of PMKSK: Government
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In the direction of realizing the Prime Minister Narendra Modi’s vision of ‘Sahkar Se Samridhi’, the Government of India has taken important decisions which will increase the income of Primary Agricultural Credit Societies, as well as increase the employment opportunities in rural areas and farmers will be able to get fertilizers, pesticides, seeds and agricultural machinery at the local level.

As per the notification released by Ministry of Cooperation, there are about 1 lakh Primary Agricultural Credit Cooperative Societies present across the country. On the basis of mapping, Primary Agricultural Credit Societies (PACS) which are not functioning as fertilizer retailers will be identified and they will be encouraged to function as retailers on the basis of feasibility in a phased manner. It further noted that PACS which are not currently functioning as Pradhan Mantri Kisan Samridhi Kendras (PMKSK) will be brought under the ambit of PMKSK.

PACS will be connected with the marketing of organic fertilizers, especially Fermented Organic Manure (FoM) / Liquid Fermented Organic Manure (LFOM) / Phosphate Rich Organic Manure (PROM). Besides, Under the Market Development Assistance (MDA) scheme of Department of Fertilizers, fertilizer companies will act as an aggregator for small bio-organic producers to market the end product, in this supply and marketing chain of bio-organic fertilizers PACS will also be included as wholesalers/retailers. The notification further stated that PACS can also be employed as Drone entrepreneurs for spraying fertilizers and pesticides. Drones can also be used for survey of property.