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According to the National Cooperative Database (NCD), Maharashtra currently hosts over 2.27 lakh cooperative societies, with housing and credit societies dominating.
The Central Sector project for the Computerization of Primary Agricultural Credit Societies (PACS) has been expanded to cover 79,630 PACS with a revised outlay of ₹2,925 crore.
The Ministry has also facilitated the Cooperative-led White Revolution 2.0, aiming to increase milk procurement by dairy cooperatives by 50% over five years.
To bring all functional PACS onto a common ERP (Enterprise Resource Planning) based national software and link them with NABARD.
Key: Enabled PACS to diversify into more than 25 business activities, including acting as PM-Kisan Samridhi Kendras and Common Service Centres.
To provide financial relief to cooperative sugar mills.
Key: Clarified income tax exemptions on higher sugarcane prices and allowed deductions for pre-2016 payments, offering ₹46,000 crore in relief.
GS Paper 3 > Economy > Cooperatives
The grass-root level cooperative credit institutions that provide short-term and medium-term agricultural loans to farmers.