Revolutionizing Agricultural Finance: How Cooperative Societies in Jogulamba Gadwal Are Empowering Farmers with Low-Interest Loans and Solar Power
Agricultural cooperative societies are revolutionizing the farming sector with low-interest loans and innovative initiatives. This blog explores how primary agricultural cooperative societies (PACS) are empowering farmers through government schemes and cooperative banking services. Discover how these societies are diversifying their business ventures, from supermarkets to solar power projects, to enhance financial stability and generate employment. Learn about the latest developments in digital banking for farmers, including internet and UPI services, making financial transactions more accessible. The blog also delves into agricultural infrastructure funding, discussing loans for tractors, harvesters, and drones. With a focus on reducing interest rates and expanding services, cooperative banks are poised to become leading loan providers in the agricultural sector. Gain insights into the progress and challenges faced by these societies, and understand how they’re shaping the future of farming communities through developmental activities and workforce expansion.