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Andhra Pradesh
PACS to receive 135 crore financial assistance
Special Correspondent
KURNOOL: It is going to be a windfall for Primary Agriculture Cooperative Societies (PACS) in Kurnool district as the bodies are likely to receive a total package of Rs. 135 crore.
The financial assistance was meant for wiping of total losses and giving an opportunity to the PACS to start a fresh business.
Talking to reporters here on Friday, Chairman of Kurnool District Cooperative Central Bank P.P. Nagi Reddy said Andhra Pradesh was the first state to enter into a tripartite agreement with the Centre and NABARD to accept the recommendations of Vaidyanatham committee. After restructuring, 95 PACS remained in Kurnool district, which were divided into A, B and C categories.
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