NEW DELHI, FEBRUARY 11, 2025: The Government of India is implementing the Project for Computerization of functional PACS with a total financial outlay of ₹2,516 Crore, which entails bringing all the functional PACS onto an ERP (Enterprise Resource Planning) based common national software, linking them with NABARD through State Cooperative Banks (StCBs) and District Central Cooperative Banks (DCCBs). The National Level Common Software for the project has been developed by NABARD and 50,455 PACS have been onboarded on ERP software as of 27.01.2025.
Computerization of the PACS project aims to provide a comprehensive ERP solution for entailing more than 25 economic activities prescribed under the Model Bye-Laws 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.
So far, proposals for the computerization of 67,930 PACS from 30 States/ UTs have been sanctioned, for which Rs. 741.34 Cr. has been released as GoI shares to the States/UTs concerned. All the participants States/UTs can customize the ERP software as per the needs & functional requirements of the concerned States/UTs.
The ERP (Enterprise Resource Planning) based common national software brings about efficiency in PACS performance through a Common Accounting System (CAS) and Management Information System (MIS). Further, governance and transparency in PACS also improve, leading to speedy disbursal of loans, lowering of transaction cost, reduction in imbalances in payments, and seamless accounting with DCCBs and StCBs. It will enhance trustworthiness in the working of PACS among farmers, thus contributing towards realizing the vision of “Sahakar se Samridhi”.
This was stated by Union Minister of Cooperation Amit Shah in a written reply to a question in the Lok Sabha.
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