Question

Evaluate the following statements about the cooperative movement in India: I. India’s cooperative sector follows a three-tier structure: Primary Agricultural Credit Societies (PAC

  • S at the village level, District Central Cooperative Banks (DCCBs) at the district level, and State Cooperative Banks (StCBs) at the state level  forming the Short-Term Rural Credit Structure. II. A separate Ministry of Cooperation was established in July 2021 to give a distinct administrative focus to the cooperative sector; and the PACS computerisation scheme, with an outlay of Rs. 2,516 crore, aims to computerise approximately 63,000 PACS across India to improve governance and service delivery. Which of the above is/are correct?
A Only I
B Both I and II
C Only II
D Neither I nor II
E I is correct; II is partially correct
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