Sahkar Se Samriddhi’ Vision Strengthened as Haryana Expands PACS Credit Support
Haryana to lead implementation of National Cooperative Policy–2025, says CM
Punjab Newsline, Chandigarh—
In a major step to strengthen the cooperative movement and support grassroots institutions, Haryana Chief Minister, Nayab Singh Saini on Wednesday announced that Primary Agricultural Credit Societies (PACS) in the state will be eligible for loans up to Rs.15 lakh at zero percent interest. This loan will be provided through cooperative banks. He stated that the Haryana government will provide a 10 percent interest subvention to those PACS that repay their loans on time.
The Chief Minister made this announcement while addressing the Mega Cooperative Conference held in Panchkula on Wednesday. Union Home and Cooperation Minister Amit Shah attended the conference as the Chief Guest.
Saini said that under the leadership of the Prime Minister Narendra Modi, the Central Government has implemented the National Cooperative Policy–2025, inspired by the vision of ‘Sahkar se Samriddhi’ (Prosperity through Cooperation). The policy places farmers, milk producers, rural women and weaker sections at the core of cooperative development. He assured that Haryana would make every possible effort to effectively implement this policy and would emerge as one of the frontrunner states in its execution.
The Chief Minister emphasized that the state government’s resolve to give cooperation a new direction, identity and strength is today becoming a solid foundation for India’s agriculture, rural economy and farmer welfare.
Expressing gratitude to Union Cooperation Minister for announcing several initiatives for Haryana, the Chief Minister said these steps would open new avenues of growth in the cooperative sector of the state. He said that under the visionary leadership of the Prime Minister, Sh. Narendra Modi, the Ministry of Cooperation was established in 2021 for the first time in the country. This, he said, was not merely an administrative reform but a historic initiative to energize and strengthen cooperative institutions.
The Chief Minister further stated that cooperation is deeply rooted in India’s culture and social fabric. The principle of “strength in unity” has been practiced in villages for centuries, and today cooperation has emerged as one of the strongest forces driving transformation in the agricultural sector.
Reiterating the state’s commitment, the Chief Minister said that by strengthening the cooperative movement, Haryana is moving rapidly towards the goal of ‘Developed India, Developed Haryana’. He expressed confidence that the theme of the conference would play an effective role in further reinforcing the contribution of cooperation towards sustainable agricultural development.