Efforts on to transform all PACS into MSCs: TSCAB chairman
Karimnagar DCCB CEO N Satyanarayana Rao said that they have set to convert all the 128 PACS into Multi service centres in the district and already more than 50 per cent societies have been transformed into MSCs
Karimnagar: Telangana State Cooperative Apex Bank (TSCAB) Chairman Konduru Ravinder Rao said the bank was taking all measures to transform and rejuvenate all the Primary Agricultural Cooperative Societies (PACS) into multi-service centres and diversify their activities along with providing credit to small and marginal farmers.
“Our idea is to diversify the activities of the PACS into multi-service centers such as provide agricultural inputs and implements, warehousing and value addition to farm produce by utilising the support of the government in general and NABARD in particular and help the societies run in profits”, he pointed out.
Ravinder Rao, accompanied by Manakondur legislator Rasamayi Balakishan, SUDA chairman GV Ramakrishna Rao, DCCB CEO N Satyanarayana Rao, Utoor PACS president Pradeep Reddy, NABARD DDM Ananth and others participated in the inauguration of a rice mill constructed at a cost of Rs 1.25 crore and laid the foundation stone for the construction of a godown at a cost of Rs 1 crore by the PACS in Utoor village in Manakondur mandal on Monday.
Speaking on the occasion, Ravinder Rao said a decade ago, the PACS Utoor was running in losses as they were solely relying on credit to farmers. “Now, they have diversified their activities and are operating petrol filling station, constructed five godowns, RO water plant, set up a seed processing unit and is operating three cash counters of the society and doing a roaring business of over Rs 25 crore and earning profits,” he said.
Appreciating the Utoor PACS for opening a rice mill and planning to set up a Dal (pulses) mill, he said that the societies should take up value addition to the farm produce and earn profits. The society should sell the Utoor brand rice and dals and win over the confidence of the customers as well as benefit the farmers.
District Cooperative Central Bank (DCCB) CEO N Satyanarayana Rao said they were taking all steps to utilise the NABARD funds to give a fillip to the PACS through the cooperative banks for taking up multi-service activities. He also said that they have set to convert all the 128 PACS into Multi service centres in the district and already more than 50 per cent societies have been transformed into MSCs.
The NABARD is providing technical support for the PACS and helping them in choosing the right project as part of the transformation into Multi-service centres (MSC).
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