The Centre on Tuesday launched computerisation programmes for Agriculture and Rural Development Banks (ARDBs) and offices of the Registrar of Cooperative Societies (RCS) at an estimated cost of ₹225 crore.
Addressing the gathering, Cooperation Minister Amit Shah said, “It will cost around Rs 225 crores for the computerisation of the offices of the Agricultural and Rural Development Bank (ARDB) and Registrar of Cooperative Societies (RCS) in all states and UTs.”
The Computerization of ARDB and RCS offices of all States and UTs is one of the several important steps taken by the Ministry of Cooperation towards realizing Prime Minister Modi’s vision of “Sahkar Se Samriddhi”.
The project, under the backing of the Ministry of Cooperation shows the commitment of the Modi government to modernize the cooperative sector and enhance efficiency by bringing the entire cooperative ecosystem on a digital platform.
The computerization project of ARDBs aims at computerizing 1,851 units of ARDBs located in 13 states and UTs and linking them with NABARD through common national software.
This initiative will increase the operational efficiency, accountability and transparency in ARDB by standardizing business procedures through a Common Accounting System (CAS) and Management Information System (MIS).
Furthermore, the initiative aims at reducing transaction costs, facilitating loan distribution to farmers and enabling real-time data access for better monitoring and assessment of schemes.
This will benefit small and marginal farmers, connected with ARDBs for credit and related services through Primary Agriculture Credit Societies (PACSS) at the grassroots level.
Under the second major initiative of the Ministry of Cooperation, the aim is the computerization of offices of RCS in all states and UTS, motivating RCS offices for paperless functioning and implementing an IT-oriented workflow in accordance with the Cooperative Acts and Regulations of the states and UTS.
Along with this, its targets also include better efficiency, accountability and transparency in RCS offices, setting up analytics and MIS and ensuring linkage with the national database.
As part of the major initiatives of the Ministry of Cooperation, the PACSs across the country are being computerized and linked to NABARD through Common National Software.
The PACSs are also being enabled to start digital services by taking them on board as Common Service Centers (CSCs).
More than 50,000 PACSS have been onboarded so far as CSCS and over 30,000 have already started providing services.
In addition to this, the Ministry of Cooperation has set up a new National Cooperative Database containing data from more than 8 lakh cooperative societies and this database will be launched soon and made available to all stakeholders.
(With inputs from ANI)