Madhya Pradesh Cooperative Department is working on developing a software to find frauds in the state district cooperative banks and their branches through technology.
The software will be installed in the Apex Bank and all co-operative banks and their branches will be connected online.
The department is busy preparing such software, through which the financial transactions of these banks will be monitored.
It bears recall that in the last few months several cases of embezzlement of funds have been found. In a bid to stop them, cooperative minister Arvind Singh Bhadoria had instructed the officials to make changes in the system.
It is said the department has decided to check irregularities by using high technological means.
