Answer: Primary Agricultural Credit Societies
Notes: The Union Budget 2023-24 has allocated Rs. 2,516 crore for the computerization of 63,000 PACS over the next 5 years. Primary Agricultural Credit Societies (PACS) are village-level cooperative credit societies that act as the last link to the 3-tier cooperative credit structure, which is headed by the State Cooperative Bank or SCB. Credit from the SCB is transferred to the district central cooperative banks (DCCBs), which will then transfer the credit to the PACS.
