Which unit will receive Rs 2,516 crore over the next five years from the Union Budget 2023–24 for computerization?
Primary Agricultural Credit Societies
2023 February
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4.25/5 |
Over the course of the next five years, the computerization of 63,000 PACS will cost Rs. 2,516 crore, according to the Union Budget 2023–24. The final link in the three-tier cooperative credit structure, which is headed by the State Cooperative Bank, or SCB, are Primary Agricultural Credit Societies, which are cooperative credit societies at the village level. The district central cooperative banks receive credit from the SCB and subsequently forward it to the PACS.