Punjab Newsline, Chandigarh, August 2-
In a significant move to enhance the efficiency and effectiveness of the cooperative sector in the state on directions of CM Mann, the PSCB and 20 DCCB on Friday inked CBS Upgradation Agreement with M/s Edgerve Systems Limited and M/s Dynacons Systems and Solutions Limited in presence of Special Chief Secretary to CM & Financial Commissioner Cooperation VK Singh.
Speaking on the occasion, the Special CS underscored the introduction of this technology to facilitate the dissemination of information up to the Secretaries and Managing Committees of Societies. He said that this is a step forward towards ensuring more transparency and accountability in the cooperative sector adding that it will also prevent frauds and misappropriation of funds. Singh further said that the
use of Finacle 10 of Infosys for Core Banking Solution will increase the integration of all stakeholders, enabling seamless transactions and enhancing the overall efficiency of the cooperative sector.
The Special CS said that this historic initiative marks a significant step towards empowering the cooperative sector in Punjab. He said that under the visionary and dynamic leadership of the Chief Minister, the state government is fully committed to ensure its successful implementation.
