The warehouses of Primary Agriculture Cooperative Societies (PACS) in Mahabubnagar and Kurnool districts of Andhra Pradesh were linked with the National Commodities Exchange (NCDEX) spot exchange on 5 August 2013.
As a part of this initiative eight PACS had received the membership certification, which would help the farmers to sell their goods on exchange platform. This is the first of its kind initiative in the country and was initiated by the National Bank for Agriculture and Rural Development (NABARD).
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