PACS

Integration of PACS with Cooperative Banks

Official Press

Official Press

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The Ministry of Cooperation has initiated the Computerization of PACS project, integrating Primary Agricultural Credit Societies (PACS) with cooperative banks through a Common National Software. This ERP-based system enhances operational efficiency, governance, and transparency, leading to faster loan disbursal and reduced transaction costs. Additionally, a focus on cybersecurity has led to the establishment of the National Urban Co-operative Finance and Development Corporation (NUCFDC) and the introduction of a Comprehensive Cyber Insurance policy for Rural Cooperative Banks (RCBs) and Regional Rural Banks (RRBs).

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APEDA Launches First Sea Shipment of Botanical-Infused Millet Foods to New Zealand

The Agricultural and Processed Food Products Export Development Authority (APEDA) facilitated the maiden sea shipment of botanical-infused, ready-to-cook millet functional foods from Karnataka to New Zealand. This milestone underscores the expanding opportunities for India's millet-based agricultural exports, bolstered by participation in APEDA-supported international trade fairs. Source: Original Link