You all are aware that all conceivable reform measures have been embedded in the proposed amendments to the Co-operative Societies Acts. However, I want to highlight certain issues, which need to be addressed with urgency. i.  PACS are at the base of the entire short-term co-operative credit structure and their health affects the higher tiers.
Efforts to be made to make them efficient and profitable. ii. We have to go back to good old days of making PACS thrift oriented institutions. PACS generally do not make an effort to mobilize deposits but act as a channel for disbursement of loans by availing refinance. They should make efforts to mobilize deposits from members in order to become self-sustaining.