New Delhi: Primary Agricultural Credit Societies (PACS) are set to gain new commercial opportunities following the government's decision to provide existing bulk and wholesale petrol and diesel outlets operated by PACS with a one-time option to convert into full-fledged retail fuel outlets.
The initiative aims to strengthen the business potential of PACS, diversify their revenue streams and improve access to fuel in rural and underserved areas.
According to the latest update, Oil Marketing Companies (OMCs) have already commissioned 62 converted fuel outlets. Meanwhile, 115 wholesale PACS across five states have given their consent to convert their existing outlets into retail outlets.
The conversion will enable participating societies to serve customers directly through retail fuel sales, expanding their commercial activities beyond traditional agricultural credit and related services.
The initiative is expected to create additional income opportunities for PACS and contribute to their long-term financial sustainability. By diversifying into fuel retailing, these grassroots cooperative institutions can strengthen their business operations and explore new sources of revenue.
The expansion of retail fuel outlets is also expected to improve rural energy access and support local economic activities.
The move forms part of the government's broader efforts to transform PACS into multipurpose, economically viable institutions under the vision of ‘Sahkar Se Samriddhi’.
By enabling PACS to enter new business activities, the initiative seeks to strengthen grassroots cooperatives, create sustainable revenue opportunities and expand their contribution to rural development.