COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area)
Incentive grant for credit growth · up to ₹50,000/year · Gujarat PACS and LAMPS
This Gujarat government scheme rewards Primary Agricultural Credit Societies (PACS) and Large-sized Adivasi Multi-Purpose Societies (LAMPS) that show consistent growth in credit disbursement, loan recovery, and deposit collection over the past three years. Societies that exceed their historical average performance receive an incentive grant — up to ₹50,000 per year — to strengthen their financial base and improve services for member farmers. Proposals are submitted to the District Registrar's office once a financial year.
About This Scheme
This Gujarat government scheme rewards Primary Agricultural Credit Societies (PACS) and Large-sized Adivasi Multi-Purpose Societies (LAMPS) that show consistent growth in credit disbursement, loan recovery, and deposit collection over the past three years. Societies that exceed their historical average performance receive an incentive grant — up to ₹50,000 per year — to strengthen their financial base and improve services for member farmers. Proposals are submitted to the District Registrar's office once a financial year.
Full official description
The scheme "COP-5 Financial Assistance to Agricultural Credit Co-operative Banks (PACS/LAMPS) for Reconstruction and Reestablishment (General/Tribal Area)" introduced by the Agriculture, Farmers Welfare and Cooperation Department, Gujarat, aims to make economically weak but functionally efficient PACS/LAMPS financially viable. These societies play a foundational role in the three-tier cooperative credit system, and their performance impacts District and State Cooperative Banks. The scheme incentivizes societies based on their growth in credit disbursement, loan recovery, and deposit mobilization over the past three years (two years for LAMPS).
Benefits
- Growth of 10–15% above the 3-year average: 1% incentive on the excess amount
- Growth of 15–20% above the 3-year average: 1.5% incentive on the excess amount
- Growth above 20%: 2% incentive on the excess amount (on deposits up to ₹2,00,000 or max ₹50,000, whichever is less)
- Incentive is available once per financial year per society
💡 Why Startups Should Care
This scheme rewards cooperatives that grow their credit book — if you're building a fintech or credit product for rural cooperatives in Gujarat, understanding this incentive structure helps you align your pitch with what cooperative managers are already tracking.
Who Can Apply (Eligibility)
- Must be a registered Primary Agricultural Credit Society (PACS) or Large-sized Adivasi Multi-Purpose Society (LAMPS) in Gujarat
- PACS must have at least 3 years of operational history; LAMPS must have at least 2 years
- Must provide performance data showing growth in credit disbursement, loan recovery rates, and deposit collection
How to Apply
- The cooperative society prepares a proposal showing three-year performance data (credit disbursement, loan recovery, deposit collection). LAMPS need only two years.
- Submit the proposal with all supporting documents to the District Registrar's Office.
- The Registrar verifies eligibility and forwards qualifying applications for financial assistance.
- Approved grant is disbursed once per financial year.
Frequently Asked Questions
What is the objective of this scheme?
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.
Who is eligible to apply for this scheme?
Only registered Agricultural Co-operative Credit Societies (PACS/LAMPS) that have been operational for the last three years (or two years in the case of LAMPS) are eligible to apply for this scheme.
How often can a society avail the benefits of the scheme?
A society can avail the benefits of the COP-5 scheme only once during a financial year.
What is the minimum operational period required for a society to apply?
A PACS must be operational for at least three years, and a LAMPS must be operational for at least two years to be eligible for the scheme.
What kind of financial performance is rewarded under the scheme?
Societies that show growth in short and medium-term credit disbursement, loan recovery, and deposit collection over the previous years are rewarded under the scheme.
What is the maximum financial assistance that can be availed through this scheme?
The maximum financial incentive under this scheme is 2% of the excess amount or ₹50,000/-, whichever is less, applicable on deposits up to ₹2,00,000/-.
Are societies located in Tribal areas also eligible under this scheme?
Yes, the scheme is applicable to societies in both General and Tribal areas.
Can newly registered societies apply for the scheme?
No, newly registered societies are not eligible. The society must be operational for a minimum of three years (or two years for LAMPS).
Where should a society submit its application for the scheme?
The application must be submitted to the District Registrar’s Office along with the required supporting documents.
Is the scheme available through an online application process?
No, there is no online application process. All applications must be submitted in person through the District Registrar’s Office.
Ready to apply?
Visit the official government portal to apply for this scheme.
Apply on myScheme.gov.inDocuments Required
- Growth and recovery records for the last three years (two years for LAMPS)
- Audit reports or certified financial statements
- Proof of credit disbursed and deposits collected
- Society registration certificate
- Identity proof of society office bearers
- Bank account details of the society