Summary:
The guidelines were released after they were approved by chief minister Naveen Patnaik.The PACS Administrative Fund provides money to run cooperative societies. BERHAMPUR: Cooperatives minister Surya Narayan Patro on Friday released the guidelines of the PACS Administrative Fund, which will determine the use of money to support the cooperative societies. Odisha has 2,703 primary agriculture cooperative societies (PACS), which includes large-sized adivasi multipurpose cooperative societies (LAMPS).Patro said, “The main purpose of creating the PACS Administrative Fund is to improve the efficiency of the societies and to bring about uniformity in their expenditure.”The PACS Administrative Fund will be constituted at the level of the Odisha State Cooperative Bank (OSCB). The monthly salary of a society secretary varies from Rs 5,000 to Rs 30,000.General secretary of OCEF, Digamber Nayak, said the newly created administrative fund was likely to help employees get salary as per the Sixth Pay Commission recommendations. “We hope more and more societies will come forward to participate in the scheme,” he further said.Each society will get money from the OSCB on a half-yearly basis, in the months of June and December..