Odisha has become the first and only State in the country to successfully digitise its three-tier Cooperative Credit Structure by integrating 17 District Cooperative Central Banks (DCCBs), 360 branches and 2600 Primary Agriculture Credit Societies (PACS) in one platform.
VSoft Technologies, a global provider of information and technology solutions for financial institutions, has successfully digitised the entire three-tier Co-operative Credit Structure in the state of Odisha.
The state has achieved this landmark within one year of assigning the IT implementation project to VSoft Technologies, thus becoming the first and the only state in the country to reach this milestone.
As a technology partner, VSoft Technologies deployed its Core Banking Solution “WINGS” and integrated web-based open source software solution “ROOTS”, through Odisha State Co-operative Bank (OSCB), thus empowering 17 District Co-operative Central Banks (DCCB), 360 Branches and 2,600 Primary Agriculture Credit Societies (PACS).
Computerisation of PACS not only ensured faster processing of agriculture loans as eligibility checks are done in real-time but also enabled farmers to withdraw the sanctioned loan amount using Rupay Enabled Kissan cards issued by DCCB.