At the pre-budget webinar consultation with the Finance Minister Mrs Nirmala Sitharaman, N Satya Narayana, Chief Executive of the NCUI argued that those incentives being provided to FPOs should be extended to the cooperative sector as well.
There are about 60 %, which means 60,000 viable PACs and multipurpose societies which may help in enhancing the value of produce of farmers after processing. “These 60k PACS can do wonders for Indian rural side”, said the CE.
Several key representatives of agriculture and cooperative sectors were present along with Union Finance Minister Nirmala Sitharaman. Senior officials of the Finance Ministry were also present in the Webinar.