Choice Consultancy lands Rs 50cr contract to digitize agricultural credit in Bihar
Choice Consultancy Services Pvt Ltd, a subsidiary of Choice International Ltd, is gearing up to redefine the future of agricultural finance and rural development in India. The company has bagged a monumental contract valued at Rs. 50 Crores plus taxes to serve as System Integrators for the computerization of Primary Agricultural Credit Societies (PACS) in Bihar. This ambitious initiative, endorsed by the Minister of Cooperation Amit Shah, is set to revolutionize 4495 PACS in its initial nine-month phase.
PACS Transformation: Central Govt.’s Vision of a Digital Rural Economy
Spearheaded by the central government, the groundbreaking project is designed to bring about a comprehensive overhaul in the functioning of PACS. These critical societies serve as multi-purpose units that are crucial for rural transformation. The project aims to enhance the operational efficiency, accountability, and transparency of PACS, fulfilling the broader vision of rural development.
Arun Poddar: ‘A Commitment to Driving Rural Financial Innovation’
Arun Poddar, CEO of Choice International Ltd, couldn’t be more excited. “We are honoured to be chosen as System Integrators for the computerization of PACS in Bihar. This aligns seamlessly with our mission to catalyze positive change and innovation in the rural financial landscape,” he remarked. The project paves the way for PACS to expand their service offerings, directly contributing to the upliftment of the rural economy.
The Digital Future: 60,000 PACS to Become Multi-Service Hubs
Looking ahead, the project aims for the computerization of over 60,000 PACS, turning them into multi-service hubs for their rural communities. This digital makeover, spanning agriculture and allied activities, as well as community-based rural industries, will be facilitated by a common software platform and data-driven insights from the National Bank for Agriculture and Rural Development (NABARD).
Choice Consultancy’s Role: From Ground Surveys to Data Security
In executing this far-reaching project, Choice Consultancy Services Pvt Ltd will be responsible for an exhaustive scope of work that includes ground surveys, comprehensive reporting, data digitization, system integration, and testing. The company will also be ensuring the highest standards of data accuracy and security, making them a linchpin in the transformation of agricultural finance and rural development in Bihar.
As this high-stakes project unfolds, all eyes are on Choice Consultancy and their pioneering efforts to elevate India’s agricultural finance system into the digital age.