Abstract
Reserve Bank of India (RBI) and Indian government focuses on financial inclusion as the foundation for inclusive growth. Around 2/3rd of the Indian population falls under the rural category and majority of it is currently not part of the mainstream banking. Rural India contributes a lot to country economy. In this regard, there is a long felt need to have systemic approach to leverage advances in technology to enhance effectiveness of rural cooperative credit structures, particularly delivery of payments and credits to rural citizens on various social sector schemes.
While the commercial banking system is taking steps to extend its reach to rural areas, there is a need to develop innovative solutions to provide access to people in rural areas so as to help them get efficient and reliable payment and banking services near to them.
To meet financial inclusion objectives, National Informatics Centre (NIC) has developed a Cooperative Core Banking Solution (CCBS) to serve the needs of the rural India to make availability of efficient and reliable payments and banking services closer at their doorsteps.
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References
Government initiative for automation of co-operative banks structure through core banking solution. Presented and published at the Proceedings of the 8th International Conference on Theory and Practice of Electronic Governance, ICEGOV 2014, pp. 478–479, October 2014
Microsoft SQL Server 2008 R2 Customer Solution Case Study – Co-operative Core Banking Solution (CCBS) Modernizes Infrastructure, Empowers Small, Rural Co-operative Banks, February 2014
Empowering Co-operative Institutions through Core Banking Solution: 16th National e-Governance Conference on e-Governance, February 2013
Acknowledgments
The authors express their gratitude to Dr. B.K. Gairola, then DG NIC, for proactively supporting the Co-operative Core Banking Solution (CCBS) initiative of NIC. The authors also acknowledge the valuable suggestions and ideas of Mr. Y.K. Sharma, then DDG NIC, for conceptualizing the project and focusing the Department’s attention on developing CCBS application.
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Sethi, I.P.S., Gupta, O.P. (2016). Resurgence of Co-operative Banks Through BI Tools. In: Chugunov, A., Bolgov, R., Kabanov, Y., Kampis, G., Wimmer, M. (eds) Digital Transformation and Global Society. DTGS 2016. Communications in Computer and Information Science, vol 674. Springer, Cham. https://doi.org/10.1007/978-3-319-49700-6_21
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DOI: https://doi.org/10.1007/978-3-319-49700-6_21
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