Addressing the 2nd Governing Council meeting of National Council for Cooperative Training (NCCT) Union Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh launched NCDC’s model for cooperatives as Modern Banking Unit.
Modern Banking Units launched by NCDC on the occasion aims to strengthen cooperative banks at various levels and bring about financial inclusion of farmers in the remote villages of the country.
Minister said that Modi government’s objective behind the Primary Agricultural Credit Co-operative Societies (PACS) computerization project is to provide a robust IT platform leading to automation of all activities of the PACS. For this, NCDC has taken a comprehensive step for strengthening of cooperative as Modern Banking Units.
The model includes upgradation and new setup of IT and related infrastructure such as Data Centre, Enterprise Network and Security, Core Banking Solutions (CBS), ATMs, POS, e-Lobby, etc. It also includes assistance to cooperatives in capacity development through its dedicated Laxmanrao Inamdar National Academy for Co-operative Research & Development.