BHOPAL: State government has extended short term Rabi crop loan yojana from June 15 to June 30. Department of Cooperatives society has issued order to Primary Agricultural Credit Society (PACS) which is a basic unit and smallest co-operative credit institutions. It works on the grassroots level (gram panchayat and village level.
PACS are the bottom-tier of three- tier Cooperative credit structure. These are short term cooperative credit structure functioning at the grassroots.
These are primary societies owned by farmers, rural artisans etc. and intended to promote thrift and mutual help among the members; cater to their credit requirements and provide credit-linked services like input supply, storage and marketing of agricultural produce etc.
