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crore for computerization of PACS Modi ji has worked to make the bylaws of
PACS uniform across the country, now PACS will also work as CSC Under the
leadership of Prime Minister Modi ji, the new cooperative policy will soon be
implemented in the entire country, which is being brought with the vision of
creating infrastructure for the next 25 years to run schemes like the world's
largest food grain storage scheme Posted On: 29 DEC 2023 7:54PM by PIB Delhi
Union Home Minister and Minister of Cooperation Shri Amit Shah unveiled the
newly constructed building of Surendranagar District Cooperative Bank Limited
through video conferencing today. On this occasion, Shri Amit Shah said that
today is a very important day for Surendranagar district as the state-of-the-
art headquarters of Surendranagar District Cooperative Bank is being
inaugurated. He said that just as Prime Minister Shri Narendra Modi has
encouraged cooperatives, in the coming days this bank will fulfill all the
responsibilities towards the cooperative societies of every area in
Surendranagar district. Shri Shah said that the total cost of construction of
this building is Rs 10 crore, in which a conference hall with a capacity of
more than 100 people, provision of more than one thousand lockers and advanced
golden lockers as well as complete computerized core banking facility will be
available. Union Home Minister and Minister of Cooperation said that with the
formation of this bank in 1960, the rule of moneylenders started ending and
then with the delivery of Narmada river water by Shri Narendra Modi, the
income of farmers increased and farmers moved towards scientific farming. He
said that earlier farmers used to get loans at about 17-18 percent interest,
which Modi ji reduced to 7 percent. He said that even before Shri Narendra
Modi became the Prime Minister, interest-free loans up to Rs 3 lakh were
started in Gujarat. Shri Shah said that today the annual profit of this bank
has reached Rs 7 crore, its share capital of Rs 15 crore has become 34 crore,
deposits of Rs 53 crore have reached 400 crore and KCC has increased from 226
crore to 448 crore. He said that Surendranagar District Bank has given loans
to about 28 thousand farmers, out of which 19 thousand are small and marginal
farmers, through more than 200 societies. Shri Amit Shah said that it has been
decided that two districts should be taken as pilot projects and such a system
should be made that every co-operative institution has its bank account in the
co-operative bank only. He said that with the initiative of Shri Narendra
Modi, the Central Government has made plans to increase the number of Primary
Agricultural Credit Societies (PACS). Shri Shah said that for many years the
PACS were being closed and their number had reduced to 65000, but now the Modi
government has decided to establish 2 lakh more PACS in the entire country in
addition to these 65000. The Central Government is also spending about Rs
2,500 crore for their computerization. Shri Shah said that Modi ji has worked
to make the bylaws of PACS uniform across the country. He said that till now
the work of making 20 thousand new PACS has been completed and now PACS are
also being made CSCs. Now PACS will also be able to run petrol and diesel
pumps, fair price grain shops have also been arranged, fair price medicine
shops have also been given to PACS and urea dealership is also being given to
PACS. Union Minister of Cooperative said that under the leadership of Prime
Minister Modi, the new cooperative policy will soon be implemented in the
entire country. Apart from this, this cooperative policy is coming with the
vision of cooperative for the next 25 years to create infrastructure to run
many schemes like the world's largest food grain storage scheme. He expressed
confidence that in the coming years Gujarat will rank first in the country in
the field of cooperation. ****** RK/ASH/ RR/ PR/ AK (Release ID: 1991622)
==================================================
URL: https://www.india.gov.in/micro-small-and-medium-enterprises-development-institute-muzaffarpur
Timestamp: 2023-12-30 12:05:43.483860
Content:
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