news
In a significant modernization effort, the government of Bihar has initiated the computerization of its 8,463 Primary Agricultural Credit Societies (PACS) to boost efficiency and service reach to farmers. As of now, 4,477 PACS have been successfully computerized, improving transparency and operations. Additionally, many PACS have diversified services
news
The Government of India has initiated the Central Project for Computerization of Primary Agricultural Cooperative Societies (PACS) with the aim of modernizing 79,630 PACS across the nation by implementing an Enterprise Resource Planning (ERP) based system. In Andhra Pradesh, 19 PACS have become defunct with liquidation orders issued for
news
The state of cooperative banking in Odisha, as reported by the Reserve Bank of India and the National Bank for Agriculture and Rural Development, includes 9 Urban Cooperative Banks, 18 Rural Cooperative Banks, and 4,287 Primary Agricultural Credit Societies. Significant measures have been undertaken to enhance the financial stability
news
The Multi-State Cooperative Societies (MSCS) Amendment Act and Rules 2023 aim to enhance governance and transparency in these societies. Key changes include the introduction of Concurrent Audits, Cooperative Election Authorities, and Ombudsmen to mitigate fraud and financial irregularities. Stringent norms for director participation and audit procedures are among the extensive
news
The Bharatiya Beej Sahakari Samiti Limited (BBSSL) currently has an authorized share capital of ₹500 crore. Although the society has the provision to increase its share capital via a general meeting with the approval of the Central Registrar, no steps have been taken towards such an increase. This information was
news
In response to a deficit in food grain storage, India has implemented the 'World’s Largest Grain Storage Plan in Cooperative Sector,' a massive initiative targeting farmers and local cooperative societies. The scheme integrates numerous existing government aid programs to facilitate storage facility construction, providing financial support through
news
Bharat Taxi, India's first cooperative-led ride-hailing platform, launched in February 2026, aims to revolutionize the mobility sector with driver-centric governance and eliminating commission-based exploitation. Initially operational in Delhi NCR and Gujarat, it plans phased expansion across India, offering fair earnings for drivers and affordable rides. Source: Original Link
news
The Ministry of Tribal Affairs of India has unveiled "RISA: Timeless Tribal," a premium signature brand focusing on tribal weaves, embroidery, and crafts to promote the rich tribal heritage and provide sustainable livelihoods to tribal artisans. RISA's launch is part of a broader initiative to enhance
news
The Ministry of Cooperation, in adherence to the Multi-State Cooperative Societies Act, 2002, mandates all multi-State cooperative societies to appoint auditors annually from a panel approved by the Central Registrar. These auditors must submit their reports within six months of the financial year ending. Auditor qualifications are specified under the
news
Under the 'Cooperation among Cooperatives' campaign initiated in Gujarat, new financial tools like RuPay Kisan Credit Cards and Micro-ATMs have been distributed to invigorate rural and cooperative societies. This initiative aims to ensure ease of business, transparency, and financial access, with massive integration into District Central Cooperative Banks
news
The Government of India announces strategic partnerships with global tech companies to foster growth in the AVGC-XR sector through the Indian Institute of Creative Technologies. The initiative aims to enhance educational and practical opportunities to strengthen the ecosystem. Additionally, improvements in the International Film Festival of India augment international participation
news
The National Institute of One Health in Nagpur hosted a workshop emphasizing the One Health approach for pandemic readiness and zoonotic threat mitigation. Keynotes by Prof. Ajay Sood and Dr. Rajiv Bahl highlighted integrated surveillance and coordinated governmental strategies as essentials for national health security. Source: Original Link