Lucknow, Feb 17 (NationPress) The Multipurpose Primary Agricultural Cooperative Societies (M-PACS) initiative, designed to bolster the co-operative banking framework and broaden access for grassroots workers, is producing significant outcomes in Uttar Pradesh.

As per an official announcement, over 2 lakh new accounts have been registered in district cooperative banks, accumulating deposits of approximately Rs 550 crore, thereby promoting the integration of the rural economy with the formal banking sector.

Furthermore, Rs 110 crore was raised as share capital through member engagement, leading to a total fund flow of Rs 660 crore within the cooperative system. This advancement has improved credit availability in rural areas and eased access to services for small-scale farmers.

The ambitious initiative, introduced by the Centre in 2025, involves the development of MPACS alongside dairy and fishery co-operative sectors, aiming to cover all villages across the nation through the convergence of various schemes, supported by NABARD, NDFD, and state authorities.

The MPACS membership mega initiative in Uttar Pradesh, launched earlier, is yielding broad-ranging results in fortifying the cooperative-driven rural economy of the state. This campaign has encouraged nearly 54 lakh farmers to join the cooperative network and move towards self-sufficiency.

The state government's commitment is to connect individuals with MPACS to guarantee affordable financial and agricultural services in rural locales.

Under a special initiative by the Yogi administration, farmers are offered crop loans at lower interest rates, alongside quality seeds and fertilizers. This strategy has contributed to lowering cultivation costs and enhancing agricultural productivity.

To modernize the cooperative framework, the state government has fully digitized the membership process. Digital platforms and mobile registration options have been introduced for joining MPACS, allowing rural inhabitants to access registration and other services conveniently.

Implemented in two phases, the first stage of MPACS commenced in September 2023 and witnessed extensive enrollment of new members. The second phase was initiated in September 2025, further advancing the campaign.

Strengthening cooperative institutions remains a top priority for the Yogi government. A QR code-based digital payment mechanism has been established at MPACS.

With the integration of QR codes and UPI-based cashless transactions, payments have become more transparent. This development has assured efficient and transparent distribution of fertilizers.