HYDERABAD: The government has announced that the elections to the managing committees of the 2,748 primary agriculture cooperative societies (PACS) in the State will be held by October 23 when the term of the present management committees will expire. The process for these long-awaited elections will begin in August.
Disclosing this to the media after discussions with Chief Minister K. Rosaiah here on Saturday, Cooperation Minister R. Venkat Reddy said farmers could enrol themselves as members of the PACS till the notification for the elections was issued by paying a membership fee of Rs. 300 each.
The members of each PACS, which were advancing crop loans working like banks, would have to elect a managing committee, comprising 25 members, including a chairman. Over 1,800 vacant posts existing in the PACS, district cooperative central banks (DCCB) and the APCOB, their State level apex body, would be filled by then.
Mr. Reddy said a target was set to give crop loans through the cooperative system to the tune of Rs. 5,350 crore in 2010-11 of which Rs. 3,181 crore for kharif and Rs. 2,169 crore for rabi.