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COP-5 Financial Assistance

COP-5 Financial Assistance for Restructuring and Rehabilitation of Agriculture Credit societies (PACS/LAMPS)

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State

States / UT: Gujarat

Department: AGRICULTURE AND CO-OPERATION DEPARTMENT

Nodal department: AGRICULTURE AND CO-OPERATION DEPARTMENT

Scheme for: Individual

Scheme profile

DBT (direct benefit transfer): No

Target beneficiaries: Agricultural Credit Societies, Co-operative Societies

Tags: Agriculture, Co-operatives, Financial Assistance, PACS, LAMPS, Rehabilitation, Restructuring, Incentive, Support, State Government, Short-term Credit, Medium-term Credit

Details

The COP-5 scheme provides financial assistance for the restructuring and rehabilitation of Primary Agricultural Credit Societies (PACS) and Large Size Multi-Purpose Co-operative Societies (LAMPS). This assistance is aimed at both profitable and non-profitable societies, offering them 1 to 2 times the additional amount for short and medium-term credit, based on collections and deposits made in the current year compared to the last three years. Societies receive percentage-wise incentive assistance.

Benefits

  • - Financial assistance for restructuring and rehabilitation
  • Incentive assistance based on performance over three years
  • Support for both profitable and non-profitable societies
  • Financial assistance for restructuring and rehabilitation
  • Incentive assistance based on performance over three years
  • Support for both profitable and non-profitable societies

Eligibility

Primary Agricultural Credit Societies (PACS) and Large Size Multi-Purpose Co-operative Societies (LAMPS) that are either profitable or non-profitable.

Application Process

Online

For more information, visit the Department of Agriculture and Co-operation.

Documents Required

No document list is available for this scheme yet.

References

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Documents Required for Government Schemes

Most government schemes require basic documents for verification. While the exact requirements vary, common documents include:

  • Aadhaar Card
  • Income Certificate
  • Caste Certificate (if applicable)
  • Residence Proof
  • Bank Account Details
  • Educational Certificates (for student schemes)

How to Apply for Government Schemes?

The application process for government schemes may be online or offline depending on the scheme. In most cases, you can follow these steps:

  1. Check eligibility criteria
  2. Collect required documents
  3. Fill the application form
  4. Submit the application online or at the relevant office
  5. Track application status