Latest news with #UttarPradeshCooperativeBankLimited
Time of India
4 days ago
- Business
- Time of India
UP government rolls out major cyber security upgrade for cooperative banks
In a significant move to modernise and secure Uttar Pradesh's cooperative banking system, the Yogi government is set to upgrade the Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks with cutting-edge cyber security infrastructure. Tired of too many ads? go ad free now As part of this initiative, all selected banks will be integrated into a core banking system (CBS)-based cloud platform, aimed at ensuring the complete safety and transparency of customer transactions, according to TOI report. Technology giants and will play a central role in the implementation of this ambitious project. These firms will provide state-of-the-art solutions for data protection, server management, and prevention of cyber attacks, helping to fortify the cooperative banking sector's digital defences. The initiative is also being supported by NABARD, which will offer technical guidance, training, ongoing monitoring, and financial assistance. The overarching goal is to make cooperative banks across the state more secure, resilient, and trustworthy for their customers. In addition to strengthening the technical framework, the Yogi government will launch a wide-reaching public awareness campaign focused on cyber safety. Bank customers will be educated on how to avoid cyber fraud, the correct channels for reporting suspicious activity, and best practices for safe digital banking. These awareness efforts will be conducted through bank branches, gram panchayats, and digital platforms. To support the rollout, the state government has allocated a special budget of ₹10 crore for the 2025–26 financial year. This funding will be used to build technical infrastructure, enhance server security, train staff, raise cyber awareness, and integrate banking services with the cloud system. Tired of too many ads? go ad free now Beyond improving digital safety, the initiative is expected to strengthen the financial position of district cooperative banks. With improved technology and more transparent banking processes, public trust in the cooperative banking sector is likely to rise, resulting in higher deposits and increased credit distribution.
Time of India
6 days ago
- Business
- Time of India
Cyber security upgrade for cooperative banks planned
Lucknow: In a major step toward modernising and securing the state's cooperative banking network, the Yogi govt is set to equip Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks with advanced cyber security infrastructure. Tired of too many ads? go ad free now As part of this initiative, these banks will be onboarded onto a core banking system (CBS)-based cloud platform, ensuring complete safety and transparency of all customer transactions. Leading technology firms such as TCS and Wipro will support the implementation of this ambitious initiative. These companies will help strengthen the cooperative banking system with state-of-the-art technologies for data protection, server management and cyber-attack prevention. The project will also receive support from NABARD, which will provide technical guidance, training, monitoring and financial assistance. The objective is to make all cooperative banks more secure, resilient and trustworthy for their customers. The Yogi govt is not only deploying a robust technological shield but also launching a public awareness campaign on cyber safety. Banking customers will be educated on how to protect themselves from cyber fraud, where to report incidents and which practices are considered safe. Awareness drives will be conducted through bank branches, gram panchayats and digital media. To ensure effective implementation of this initiative, the state govt has made a special budgetary provision of Rs 10 crore for the financial year 2025–26. This fund will be used for establishing technical infrastructure, enhancing server security, conducting training programs, raising cyber awareness and integrating services with the cloud platform. Tired of too many ads? go ad free now Beyond improving cyber security, this initiative will also bolster the financial strength of district cooperative banks. With better technological infrastructure and more transparent services, public confidence in the cooperative banking sector is expected to grow, leading to an increase in deposits and credit disbursements.
Hindustan Times
20-05-2025
- Business
- Hindustan Times
Ensure easy loans for farmers at affordable rates: U.P. CM to cooperative dept officials
Uttar Pradesh chief minister Yogi Adityanath has directed officials to boost the income and ensure economic empowerment of small and marginal farmers in the state through Mukhyamantri Krishak Samriddhi Yojana. Chairing a review meeting of the cooperative department here on Monday, the CM said, 'Increasing the income of small and marginal farmers as well as ensuring transparency and efficiency in the implementation of the cooperative schemes should be top priorities of the department.' The detailed framework of the ambitious Mukhyamantri Krishak Samriddhi Yojana was presented during the review meeting. Lauding the scheme as visionary and farmer-centric, Yogi called for active involvement of NABARD and cooperative banks in its effective implementation. 'The state government is continuously working to relieve farmers of debt, enhance agricultural productivity and promote self-reliance. Providing farmers with easy access to loans at affordable interest rates must be a key priority. The proposed scheme is expected to be a significant step toward achieving these goals,' he said. The CM stressed the importance of timely and efficient execution of the schemes. He instructed officials to focus on expanding the loan distribution capacity of cooperative banks, modernising bank branches through financial support, and streamlining access to credit for farmers. A comprehensive proposal for the scheme should be prepared soon, Yogi said. During the meeting, the CM also made a detailed review of the cooperative sector and told the officials to strengthen the role of cooperative institutions. According to the data presented in the meeting, loan disbursement by the Uttar Pradesh Cooperative Bank Limited has grown from ₹9,190 crore in 2017 to ₹23,061 crore in 2025, with the bank recording a net profit of ₹100.24 crore. During the same period, the total business of District Cooperative Banks rose from ₹28,349 crore to ₹41,234 crore, with a net profit of ₹162 crore. Over the past eight years, crop loans amounting to ₹11,516 crore and long-term loans worth ₹393 crore have been distributed across the state. Additionally, 34.45 lakh metric tons of fertilisers were distributed, 25.53 lakh metric tons of paddy were procured, and 1.94 lakh metric tons of pulses and oilseeds were purchased. Under the Agriculture Infrastructure Fund (AIF) scheme, 375 warehouses with a combined capacity of 37,500 metric tonnes have been constructed to enhance the state's storage capacity. Additionally, since 2017, 1,060 warehouses with a total capacity of 1,17,350 metric tonnes have been developed under the Rashtriya Krishi Vikas Yojana (RKVY). The construction of 100 new warehouses is planned for 2025–26. Furthermore, under the nation's largest grain storage scheme, warehouses with capacities ranging from 500 to 1,000 metric tonnes are proposed to be established at 24 B-PACS centres across 16 districts. Highlighting the need for further expansion in storage infrastructure, the CM directed the officials to prepare a suitable policy to encourage private sector participation. He also instructed them to bring about comprehensive reforms in the functioning of Pradeshik Cooperative Federation (PCF) and ensure timely payments to rice millers. To improve operational efficiency in the cooperative sector, the Yogi emphasised expediting the recruitment process for vacant banking and non-banking positions through IBPS and to ensure that cooperative institutions deliver services more efficiently and effectively. A discussion on the involvement of M-PACS committees in commercial activities was also held in the meeting. The officers informed the CM that the committees had been integrated with services such as PDS, Jan Aushadhi Kendras, CSCs, PM Kisan Samman Kendras and procurement under MSP. Under digital transformation scheme, computerization efforts are progressing in phases; 1,539 Multipurpose Primary Agricultural Credit Societies (M-PACS) committees are digitised in phase I, 1,523 in phase II and 2,624 in phase III. Regarding cybersecurity, the officers said the Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's CBS cloud platform, ensuring secure and streamlined banking operations. The CM reiterated to make cooperative institutions self-reliant and farmers' access to technology and credit. Marketing of the products should be top priority of the state government. He asserted that policy reforms must continue with the ultimate goal of empowering and enriching Uttar Pradesh's farmers through cooperation.
Time of India
19-05-2025
- Business
- Time of India
Yogi pushes for scheme to make farmers self-reliant
Lucknow: Chief Minister Yogi Adityanath on Monday gave directions to start ' Mukhyamantri Krishak Samridhi Yojana ' with the aim of increasing the income and economic empowerment of small and marginal farmers of the state. The outline of this ambitious scheme was presented in the review meeting of the cooperative department chaired by the CM on Monday. Yogi described the scheme as a "visionary" and "farmer-friendly" initiative. He also directed to ensure active participation of NABARD as well as cooperative banks in the proposed scheme. Yogi said that the state govt is constantly trying to free the farmers from the burden of debt, increase their agricultural productivity and make them self-reliant. "In such a situation, efforts should be made to provide easy loans to farmers at affordable rates. This scheme will prove to be an effective step in this direction," he said. The Chief Minister said that the implementation of the scheme should be effective and timely. For this, emphasis was laid on increasing the loan distribution capacity of cooperative banks, providing financial assistance for modernization of branches and ensuring ease of loan to farmers. He directed that a detailed proposal of the scheme should be prepared and submitted soon. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Дишащи мъжки сандали с анатомична подметка – усещане за свобода. ZAROTRAVEL® КУПИ СЕГА Undo Yogi reviewed the cooperative sector comprehensively and emphasized on making the role of cooperative institutions more effective. He especially pitched for increasing the income of small and marginal farmers, transparency and efficiency in the priorities of the cooperative sector. According to the details presented by the officials at the meeting, the loan disbursement of Uttar Pradesh Cooperative Bank Limited has increased from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while the net profit has increased to Rs 100.24 crore. During the same period, the total business of the District Cooperative Banks increased from Rs 28,349 crore to Rs 41,234 crore and the net profit was recorded at Rs 162 crore. In the last eight years, crop loan of Rs 11,516 crore and long-term loan of Rs 393 crore were distributed in the state. Fertilizer distribution was 34.45 lakh metric tonnes, paddy procurement was 25.53 lakh metric tonnes and pulses-oilseeds procurement was 1.94 lakh metric tonnes. According to the state govt, 37,500 metric tonnes of storage capacity has been developed by constructing 375 warehouses under the Agriculture Infrastructure Fund (AIF) scheme. Under the National Agriculture Development Scheme, a capacity of 1,17,350 metric tonnes has been created through 1,060 warehouses since 2017. Construction of 100 new warehouses is proposed in the year 2025-26. Apart from this, under the country's largest food storage scheme, warehouses of 500 to 1000 metric tonnes capacity are proposed at 24 centres in 16 districts. Expressing the need to further increase the storage capacity, the CM directed that an appropriate policy be prepared to ensure the participation of the private sector. The CM also asked to speed up the selection process through Institute of Banking Personnel Selection (IBPS) for quick recruitment of vacant banking and non-banking posts in the cooperative sector. This will improve the efficiency and quality of service of cooperative institutions. The participation of Multipurpose Primary Agricultural Credit Societies (M-PACS) in commercial activities also came up for discussion at the meeting. The CM was informed that they have been linked to activities like PDS, Jan Aushadhi, CSC, PM Kisan Samman Kendra and MSP. Under the progress of computerization, 1,539 M-PACS committees are being computerized in the first phase, 1,523 in the second phase and 2,624 in the third phase. Giving information about the steps taken in the field of cyber security, it was told that Uttar Pradesh Cooperative Bank Limited and 50 district cooperative banks of the state are being connected to NABARD's CBS cloud platform. The Chief Minister said that while making cooperative institutions self-reliant, farmers' access to technology, credit and marketing should be ensured. He said that making the farmers of the state prosperous and empowered through cooperation is the top priority of the govt, for which the sequence of policy reforms should be continued.
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Business Standard
19-05-2025
- Business
- Business Standard
Cooperative bank loan disbursal crosses Rs 23K cr in 8 years in UP: CM Yogi
Uttar Pradesh Chief Minister Yogi Adityanath on Monday termed the rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years as a remarkable achievement and underscored the role of cooperatives in empowering farmers and realising the vision of a self-reliant rural economy. Only through cooperatives, the dream of a self-reliant farmer can be realised. Rise in cooperative bank loan disbursal to over Rs 23,000 crore in eight years is a remarkable achievement, the Chief Minister said while directing officials to roll out the Mukhyamantri Krishak Samriddhi Yojana, aimed at increasing the income and economic empowerment of small and marginal farmers in the state. Chairing a high-level review meeting of the Cooperation Department, Adityanath called for enhanced participation of NABARD and cooperative banks in the proposed scheme. He said the scheme must be implemented in a time-bound and effective manner, with an emphasis on modernising cooperative bank branches and ensuring easy access to affordable credit for farmers. The Chief Minister also stressed the need for a detailed project proposal to be prepared and submitted at the earliest. Reviewing the overall performance of cooperative institutions, he directed that transparency, efficiency, and farmer income enhancement must remain key priorities. According to data presented during the meeting, the Uttar Pradesh Cooperative Bank Limited's loan disbursement rose from Rs 9,190 crore in 2017 to Rs 23,061 crore in 2025, while net profit touched Rs 100.24 crore. District cooperative banks' total business expanded from Rs 28,349 crore to Rs 41,234 crore, recording a net profit of Rs 162 crore during the same period. Between 2017 and 2025, the state disbursed Rs 11,516 crore as crop loans and Rs 393 crore as long-term loans. Fertiliser distribution stood at 34.45 lakh metric tonnes, paddy procurement at 25.53 lakh metric tonnes, and procurement of pulses and oilseeds at 1.94 lakh metric tonnes. To boost storage infrastructure, 375 warehouses with a total capacity of 37,500 MT have been constructed under the Agriculture Infrastructure Fund. 1,060 warehouses with a combined capacity of 1,17,350 MT have been established under the Rashtriya Krishi Vikas Yojana since 2017. For 2025-26, the construction of 100 new warehouses is planned, the statement said. The Chief Minister instructed officials to frame a policy to encourage private sector participation in expanding storage capacity. He also called for reforms in the functioning of PCF (Pradeshik Cooperative Federation) and timely payments to rice millers. To address staffing shortages, Adityanath directed expediting recruitment for banking and non-banking positions in cooperative institutions through the Institute of Banking Personnel Selection (IBPS), aimed at improving operational efficiency and service quality. On cyber security, it was noted that UP Cooperative Bank Limited and 50 district cooperative banks are being integrated with NABARD's Core Banking Solution (CBS) cloud platform. Cooperative institutions must be made self-reliant while ensuring that farmers have access to technology, credit, and markets, Adityanath said.
