The Centre for Digital Financial Inclusion (CDFI) organised an interactive session with key stakeholders on strengthening Primary Agricultural Credit Societies (PACs) for long-term sustenance on Wednesday at Willow Hall, India Habitat Centre.
During the programme, CDFI presented the findings of its study on enhancing the sustainability of PACs across the country. The presentation emphasised the need to allow primary societies to undertake multi-purpose activities to expand their business base and revenue streams.
Ved Prakash Setia, Executive Director, NCUI, represented the organisation at the meeting. Other prominent participants included Pankaj Kumar Prasad, Additional Managing Director, NAFED; Tehedur Rehman, Director, NCDC; and a Deputy Collector from the Government of Bihar.
Speaking on the occasion, the NCUI ED said that long-term sustainability of PACs hinges on transforming them into modern, transparent and member-driven institutions. He stressed on digitalisation, financial discipline and robust governance to boost efficiency and public trust, adding that with the right reforms, PACs can become vibrant engines of rural development.
