Dr. Ashish Kumar Bhutani, Secretary of the Ministry of Cooperation met with Shaji K V, Chairman of NABARD, on Wednesday to discuss the ongoing efforts in computerizing over 63,000 Primary Agricultural Credit Societies (PACS) throughout the country, among other things.
During the meeting, detailed discussions were held on integrating the National Level PACS Software (NLPS) with the Jan Samarth Portal and the Agri Stack application, aiming to streamline operations and enhance service delivery in the agricultural sector.
It bears recalling that a centrally sponsored project is currently underway for the computerization of 63,000 functional PACS, Large Area Multi-Purpose Cooperative Societies (LAMPS), and Farmers Service Societies (FSS).
This project, with a total financial outlay of Rs. 2,516 crore, aims to improve the operational efficiency of PACS by ensuring speedy loan disbursal, lowering transaction costs, reducing payment imbalances, achieving seamless accounting coordination with District Central Cooperative Banks (DCCBs) and State Cooperative Banks (StCBs), and enhancing transparency.
The software necessary for implementing this extensive project has been developed by NABARD.
