Nagaland cooperative societies plagued by dormancy, says Commissioner

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• Ezung requested the RCS office to hold review meetings at the directorate level every two weeks or once a month to monitor progress and address challenges effectively.
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• The inaugural event also saw the launch of an educational video on Multipurpose Primary Agricultural Cooperative Societies (MPACS), produced by Dreamz Unlimited.
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• The video, which runs for 14 minutes and 23 seconds, is an initiative of the department of Cooperation and NABARD RO Dimapur.
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• MPACS, as explained by the department, are grassroots-level cooperative institutions in rural India that offer a wide range of services to farmers and rural communities.
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• Unlike traditional PACS, which primarily provide short-term agricultural credit, MPACS serve as integrated rural support centres. They offer credit facilities, supply essential farm inputs like seeds, fertilisers, and pesticides, provide storage solutions, rent out farm equipment, and assist in the procurement and marketing of agricultural produce.
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• In some cases, they also extend non-farm credit and facilitate access to banking and insurance services. Owned and managed by local members, mainly farmers, MPACS operates under the State Cooperative Societies Acts within the three-tier cooperative credit structure that includes District Central Cooperative Banks and State Cooperative Banks.