PACS to APEX: Umbrella organisation will provide support for financial assistance to the farmers:
The Union cabinet has approved a historic decision of setting up and promoting a national-level cooperative society for organic products under the Multi-State Cooperative Societies (MSCS) Act, 2002 with support from relevant ministries through their policies, schemes and agencies following the ‘whole of the government approach’.
There is a felt need for a national-level cooperative society to be registered under the Second Schedule of the MSCS Act, 2002 in order to provide a boost to organic products from the cooperative sector by acting as an umbrella organisation for managing various activities related to the organic sector. Primary to national level cooperatives societies including primary societies, district, state and national level federations, multi-state cooperative societies and Farmers Producer Organisations (FPOs) can become its members. The cooperative society will help in unlocking the demand and consumption potential of organic products in domestic as well as global markets.
The cooperative society will provide institutional support for arranging financial assistance to the organic farmers through its members’ cooperatives including Primary Agricultural Credit Societies/Farmers Producer Organisations (FPOs) and also support for aggregation, certification, testing, procurement, storage, processing, branding, labelling, packaging, logistic facilities, marketing of organic products. It will utilize the services of the national cooperative export society being set up under the MSCS Act, 2002 for export marketing and thereby enhance the reach and demand of organic products in the global market.