MANU/PIBU/1452/2023
Department/Board : Press Information Bureau
Date : 05.04.2023
Digitization of Co-operative Societies
A Centrally sponsored project for Computerization of 63,000 functional PACS/ LAMPS across the country with a total financial outlay of Rs. 2,516 Crore is under implementation. The project entails bringing all the functional PACS onto on ERP (Enterprise Resource Planning) based common software, linking them with NABARD through State Cooperative Banks (StCBs) and District Central Cooperative Banks (DCCBs).
At present, proposals for computerization of 58,383 PACS have
been received from 24 States and 4 Union Territories. Release of central share
amounting to the States/ UTs for the procurement of hardware, digitization of
legacy data and establishing support system is under process. An amount of 11.28
crore has been released to the State of Uttar Pradesh under this Project for
Computerization of 1,539 PACS. The Project Monitoring Units (PMUs) have been set
up at Central and State Levels by NABARD. Development of software has been
started by the National Level Project Software Vendor (NLPSV) selected by
NABARD.
The expected benefit of the computerization of PACS Project, inter alia are - increasing efficiency of their operations, ensuring speedy disbursal of loans, lowering of transaction costs, reducing imbalances in payments, seamless accounting with DCCBs and StCBs and increasing transparency. Implementation of Common Accounting System (CAS) and Management Information System (MIS) would enable PACS to carry out their operations online and obtain refinance/ loans for their various activities from NABARD through DCCBs and StCBs.
This was stated by the Minister of Cooperation, Shri Amit Shah in a written
reply to a question in the Rajya Sabha.