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Home Co-op News Snippets

Computerization: Trials begin in 5673 PACS across country

Staff Reporter by Staff Reporter
December 20, 2023
in Co-op News Snippets
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Computerization: Trials begin in 5673 PACS across country
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The trial run for the NABARD developed National Level Common Software for the PACS’ has started in 5,673 PACS in 26 States and UTs so far, informed Minister of Cooperation, Amit Shah adding hardware procurement and digitization of legacy data by the States and Union Territories are under process.

Union Cooperation Minister Amit Shah said that so far, proposals for computerization of 62,318 PACS from 28 States/ UTs have been sanctioned, for which Rs 475.55 Cr. has been released as GoI share to the States/UTs concerned.

“The proposed revised estimate of GoI share for financial year 2023-24 is Rs 350 crore which can be released to States/UTs & NABARD after utilization of funds released earlier to them”, he added.

Shah said, “In order to strengthen PACS, the project for Computerization of 63,000 functional PACS with a total financial outlay of Rs 2,516 Crore has been approved by the Government of India, which entails bringing all the functional PACS onto an ERP (Enterprise Resource Planning) based common national software, linking them with NABARD through StCBs and DCCBs.

“Out of the total budget of Rs 2,516 crore for the project, the shares of Government of India (GoI), State Governments and NABARD are Rs 1528 crore, Rs 736 crore and Rs 252 crore, respectively”, Shah informed.

The National Level Common Software for the project has been developed by NABARD and ERP trial run has started in 5,673 PACS in 26 States/ UTs so far. Hardware procurement and digitization of legacy data by the States and Union Territories are under process.

He said, “Computerization of PACS project will provide a comprehensive ERP solution for all the economic activities prescribed under the Model Byelaws for PACS covering various modules such as financial services for short, medium & long term loans, procurement operations, Public Distribution Shops (PDS) operations, business planning, warehousing, merchandising, borrowings, asset management, human resource management, etc”, he added.

Tags: amit shahcooperativeERPgoinabardpacs
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