Schemes Applicable to Primary Agricultural Credit Societies (PACS/FSCB/FSCS)

Department of Cooperation, Government of Kerala > Schemes > Schemes Applicable to Various Societies > Schemes Applicable to Primary Agricultural Credit Societies (PACS/FSCB/FSCS)

Schemes Applicable to Primary Agricultural Credit Societies (PACS/FSCB/FSCS)

1. Assistance in the form of share, loan and subsidy to PACS for computerization of the Banks/Core banking, installation of ATM facilities and up gradation of technology, acquisition of modern technological devices for the functioning of Banks and for Co-operatives. (View Rules & Forms)

2. Share capital assistance to PACS and assistance for revitalization of PACS/FSCB in the form of share, loan and subsidy on the basis of specific project . (View Rules)

3. Incentive to the PACS/FSCB/FSCS for providing short term agricultural loans than the previous year from its own fund subject to the condition that the rate of interest of such loans should not be more than the rate fixed by the Registrar of Cooperative Societies.
(View Rules)

4. An incentive in the form of grant to PACS providing loan assistance for paddy cultivation which is more than 20% of the total agricultural loan issued by the society in the previous year subject to a maximum of Rs.25,000/- to each society in a financial year.
(View Rules)

5. Incentive in the form of grant for the purchase of Harvesting Machine, subject to the limit of 20% of the cost of the machine or Rs.4.00 lakh whichever is less.

6. Assistance to PACS for promoting Hi-Tech Farming/establishing green houses etc. The scheme will be implemented in association with Kerala Horticulture Mission / Agriculture Department.

7. Assistance to reimburse the interest to the societies on loans for installing bio gas plants. (View Rules)

8. Assistance to reimburse a portion of interest to the societies on loans for the installation of solar plants in houses.

9. Assistance to PACs for the promotion of agro processing units through SHGs promoted by the societies in the form of share and subsidy.

10. Share Capital contribution to PACS for the promotion of Self Help Groups. (View Rules)

11. Initial expenses for good working Self Help Groups under PACS (Rs.1000/group) except interest subsidy. (View Rules)

12. Incentive to the Self Help Groups promoted by PACS which provides loans for paddy cultivation.

13. Assistance to the Neethi Stores/Neethi Medical Stores in the form of share, interest free loan and subsidy run by Primary Co-operatives.
14. It is envisaged to assist Primary co-operative societies in the form of share capital, loan and subsidy to run Neethi stores/Neethi medical stores under the scheme (View Rules)

15. Assistance is provided for promoting innovations in co-operative sector and for promoting model co-operatives. The outlay will be used for extending support only for healthy societies with a consistent positive net worth for the last five years. The innovations and models evolved for scaling up will be popularised subsequently. A high level expert committee under the RCS will prepare a list of co-operatives for consideration based on transparent criteria and Rules of the same. (View Rules)

16. To provide assistance to co-operative societies for taking up viable commercial operations. All categories of societies with a good track record and working are eligible for financial assistance under the scheme. The maximum eligible assistance shall not exceed 50% of the project cost. The balance amount required shall be raised through the institutional finance or own funds of the society. The assistance will be sanctioned in the following ratio – subsidy 10%, share 20%, loan 20%. (View Rules)

17. Rehabilitation of weak but potentially viable co-operatives. The working of the society and viability of the project will be the prime consideration for providing assistance. The following criteria would be followed for deciding eligibility of societies under the rehabilitation of weak co-operatives.
(i) Societies with cumulative loss not exceeding own fund of the society.
(ii) Societies with minimum 10 years of effective working experience.
The maximum eligible assistance shall not exceed 65% of the project cost. The balance amount required shall be raised through institutional finance or own funds of the society. The assistance will be sanctioned in the following pattern-subsidy 20%, share 20%, loan 25%. (View Rules)

18. One time assistance for the revival of defunct/dormant/ Primary Co-operatives. The assistance will be in the form of Subsidy, Share Capital and Loan in the ratio1:1:2 based on the approved project report, and such societies will be monitored regularly. (View Rules)

19. Assistance for Setting up of new Farmers Service Centres.

20. Project based assistance for innovative activities of the successful societies for the established Famers Service Centres.

21. Assistance for setting up of soil testing labs in selected Farmers Service Centres.

22. Assistance to Suvarnam Shops run by Co-operative Societies in the state in the ratio 1:1 (subsidy : share)

23. To develop marketing infrastructure to cater to the post-harvest requirement of production and marketable surplus of various farm products. In order to strengthen the Agricultural Marketing/ Processing sector assistance is provided for economically viable and income generating projects. The working of the societies and viability of the project will be the prime consideration for providing assistance. Preference will be given for societies involved in marketing for vegetables. Assistance will be limited to primary societies based on project reports. It is provided to assist all primary societies undertaking marketing activities, during 2018-19.
(View Rules)

24. Assistance for the development of Co-operative Entrepreneurship- Employment Generation clusters. (New Scheme)

NCDC Assistance
25. Assistance for construction of Godown, Office Building, Retail outlet, Cash Counter, Strong Room, Drying Yard; Purchase of Cash Counting Machine, Electronic weighing Machine, Iron Safe, Safe Deposit Locker, Burglary Alarm & CCTV, Inverter, Furniture and Fixtures, Solar Panel, Software and Computers, Instalation of Data Centre and Margine money Assistance under ICDP Scheme . (At present ICDP Scheme is implimenting in Idukki, Palakkad and Thrissur Districts) (View Guidelines)
26. Assistance to PACs for running “Neethi Stores” and “Neethi Medical Stores”. (View Rules)
27. Assistance to PACs for the purchase of computers
(View Rules)
28. Assistance to co-operatives including agricultural credit co-operatives for the development of infrastructural facilities for agricultural credit activities.
(View Rules)

Skip to content