MoU signed to boost coopearative societies
Source: The Sangai Express
Imphal, February 28 2024:
The Manipur State Cooperative Bank (MSCB), Primary Agricultural Credit Societies (PACS) of Manipur and the NBCC (India) Limited under the Ministry of Housing and Urban Affairs, Government of India have joined hand to develop the agricultural sector and boost cooperative societies in the State.
The Memorandum of Understanding (MoU) was signed on Tuesday between the PACS (of Manipur), NBCC and MSCB as the first party, second party and third party respectively in the presence of NBCC Chief General Manager Anil Kumar Pathak and MSCB MD Bidyarani Ayekpam.
As conveyed by the MSCB officials, the MoU is the first of its kind in the State with more than 33 percent subsidy being given to the PACS (of Manipur) .
The MSCB officials also informed that the tripartite agreement will facilitate construction of warehouses and other agri-infrastructure under the World's Largest Grain Storage Plan in the Cooperative Sector.