.........The expert committee on the short-term Credit Cooperative Structure constituted by Reserve Bank of India under NABARD Chairman Prakash Bakshi had recommended, among other things, the functioning of PACS as business correspondents of Central Cooperative Banks on commission basis. The farmers associated with the Primary Agricultural Credit Societies (PACS), the elected representatives and the personnel of over 250 PACS laid siege to the District Central Cooperative Bank (DCCB) here on Monday, seeking the government to revisit the recommendations of the Prakash Bakshi Expert Committee for a slew of structural reforms in the cooperative banking credit system. A large number of protesters blocked the entry gates of the DCCB for quite some time, leading to paralyse its functioning...............
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