COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area)
in Gujarat
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COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area) in Gujarat
COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area) is a government scheme available to eligible residents of Gujarat.
Apply for COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area) in Gujarat
Scheme Overview
The scheme provides financial assistance to Primary Agricultural Credit Societies (PACS) and Large-sized Agricultural Multi-Purpose Societies (LAMPS) in General and Tribal areas to strengthen their economic viability and ensure their continued contribution to the cooperative credit structure.
Eligibility Criteria
The applicant must be a registered Agricultural Co-operative Credit Society, either a Primary Agricultural Credit Society (PACS) or a Large-sized Adivasi Multi-Purpose Society (LAMPS).
The society must have been operational and performing for the required duration:
- PACS: At least the last three years.
- LAMPS: At least the last two years.
The applicant must provide performance data for the relevant period, showing:
- Growth in credit disbursement (short and medium-term).
- Improvement in loan recovery rates.
- Increase in deposit collection.
Benefits
<br>
**Incentive admissible over and above the average amount of the last three years****Percentage of the grant of incentive on the excess amount**For growth from 10% to 15% 1 %For growth above 15% and up to 20% 1.5 %For growth above 20% 2% or a maximum of ₹.50,000/- whichever is less (on deposits up to a ₹2,00,000/- whichever is less)<br>
> **Note:** The benefit of the scheme is available only once in a financial year.
Required Documents
| # | Document |
|---|---|
| 1 | Growth and recovery records of the last three years (two years for LAMPS). |
| 2 | Audit reports or financial statements. |
| 3 | Proof of credit disbursed and deposits collected. |
| 4 | Society registration certificate. |
| 5 | Identity proof of society office bearers. |
| 6 | Bank account details of the society. |
| 7 | Any other documents as required. |
How to Apply in Gujarat
Step 1: The concerned Agricultural Credit Co-operative Society must prepare a proposal.
Offline Step 1: The concerned Agricultural Credit Co-operative Society must prepare a proposal.
Step 2: The proposal should be submitted to the District Registrar Office.
Offline Step 2: The proposal should be submitted to the District Registrar Office.
Step 3: The application should include all required supporting documents.
Offline Step 3: The application should include all required supporting documents.
Step 4: The Registrar will verify and forward the eligible applications for financial assistance under the scheme.
Offline Step 4: The Registrar will verify and forward the eligible applications for financial assistance under the scheme.
Common questions in Gujarat
Who can apply for COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area) in Gujarat?
Eligible residents of Gujarat who meet the scheme’s overall criteria can apply for COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area). Refer to the eligibility section above for the complete checklist.
What documents are required for COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area) in Gujarat?
Applicants in Gujarat typically need identity proof (Aadhaar), state residency proof, bank account details, and any scheme-specific documents listed in the documents section.
Frequently Asked Questions
The scheme provides financial assistance to Primary Agricultural Credit Societies (PACS) and Large-sized Agricultural Multi-Purpose Societies (LAMPS) in General and Tribal areas to help them restructure and reestablish their operations. <br> <br>