Revamping Rural Benefits: The Cooperative Stack Revolution

The government is revamping rural benefits delivery via a cooperative stack integrating various schemes through Primary Agricultural Credit Societies (PACS), enhancing transparency and efficiency. With 1.08 lakh PACS, digital transformation aims to consolidate schemes, utilizing Legal backing to overflow previous fragmented approaches with innovative technology adoption.

The government is spearheading a transformation in rural benefits delivery through the development of a 'cooperative stack,' an initiative that seeks to integrate various schemes via Primary Agricultural Credit Societies (PACS). This move marks a departure from traditionally fragmented processes, aiming for a more unified and efficient system to dispense government benefits in rural areas.

According to Cooperation Secretary Ashish Bhutani, the move toward a cooperative stack has begun with the introduction of digital platforms for PACS, boosting efficiency and transparency in their operations. Bhutani underscored the need for this transformation, which will see technology and policy synchronization to ensure seamless integration of all government schemes through PACS.

The cooperative stack initiative, backed by legal legislation, is designed to prevent the creation of isolated institutions, ensuring that PACS serve as the backbone for rural financial schemes. The implementation of technology, including AI solutions, promises to provide crucial advisories and support to rural communities, revolutionizing the management of agricultural and financial practices.

(With inputs from agencies.)