Credit Access Reforms for Cooperative Societies in Uttar Pradesh

The National Bank for Agriculture and Rural Development (NABARD) facilitates credit flow to Primary Agriculture Credit Societies (PACS) in Uttar Pradesh through State Cooperative Banks and eligible District Central Cooperative Banks (DCCBs). Over the past five years, significant refinance support has been provided, ensuring that cooperative societies access necessary funds without collateral constraints. The initiative is part of a broader government effort to improve credit access and strengthen cooperative banks' technological infrastructure, as detailed by Union Minister Shri Amit Shah.

Source: Original Link